By Dhirendra Tripathi

Investing.com — After the plunge of 1,100 points, stocks tried to make a comeback Monday afternoon. 

Worries about U.S. entanglement in Russia’s conflict with Russia weighed on markets.

Nasdaq’s session ended up being positive, with only half an hour left.

Fears are also being stoked by the Federal Reserve’s regular meeting this week. Although an increase in interest rates this week is unlikely, central banks have been pressured to address inflation which has risen to near 40-year highs.

Tuesday afternoon will see the Fed release their decision regarding rates. Then, Chair Jerome Powell will hold a press conference. Most market watchers expect the first rate hike to come after the Fed’s meeting in March.

NATO reported Monday that its forces were on standby, strengthening eastern Europe and adding fighter jets to support it in the face of Russia’s militarization at Ukraine’s borders.

Three things could impact the markets in tomorrow’s future:

1. Microsoft earnings

Microsoft Corporation (NASDAQ;) reported second quarter profits per share at $2.31 based on $50.65 Billion in revenue, according to analysts Investing.com. The tech company will speak out about cloud services and client activity.

2. Johnson & Johnson earnings

Johnson & Johnson (NYSE:) is expected to report a fourth-quarter revenue of $25.28 billion and profit per share of $2.31. Analysts will keep an eye out for information on Covid-19 and its sales outlook.

3. Verizon earnings

Verizon Communications Inc (NYSE: ) reported a fourth-quarter revenue of $33.93Billion and a profit per share of $1.29. Analysts want to know what the company thinks about 5G. This is especially important since part of it has been delayed by concerns over aviation being affected.

–Reuters and Investing.com staff contributed to this report