U.S. Stock index futures showed little movement in overnight trade Monday after an extremely volatile session which saw the Dow lose more than 1,100 points to end the day in positive territory.

Futures contracts that are tied to Dow Jones Industrial Average gained 19. S&P 500 futures were flat, while Nasdaq 100 futures dipped 0.1%.

During regular tradingDow Jones gained 99 points (or 0.3%) and broke a six-day losing streak. The benchmark 30-stock index fell by 3.25% to the lows. The S&P 500 advanced 0.28% for its first positive session in five, after losing nearly 4% earlier in the day. One point, the benchmark index plunged into correction territory after dropping 10% off its January 3 record close.

Nasdaq Composite increased 0.6% to reverse a 4.9% drop from earlier today. It was the first recovery of the tech-heavy index to recover a 4.9% loss and end higher than 2008,

Lindsey Bell (Ally’s chief money- and markets strategist) said on Monday that “the buyers are coming into to buy the dip there.” “Closing Bell.”Things looked a little too stretched for the oversold side so that’s not surprising. However, that does not mean that things will be easy… we still have a lot to do this week,” she stated.

Bell ultimately stated that volatility would continue to exist until the Fed increases rates.

On Tuesday, the Federal Reserve Open Market Committee (Federal Reserve Open Market Committee) will start its two-day meeting. A decision on interest rates is scheduled for Wednesday at 2:15 p.m. ET. ET.

CNBC was told Monday by Alli McCartney from UBS Private Wealth Management that “We are in what I refer to the triple threat of… rapidly rising rates” and that market participants have worked overtime to understand what it means.

She said that today is “capitulation” and added that volatility was here to stay. However, the market narrative has begun to shift to support stocks with strong earnings growth.

Monday’s volatility follows the S&P 500’s worst week since the pandemic took hold in March 2020. Both the Dow and S&P 500 are also on track for their worst month since March 2020.

In fear of rising rates, investors are moving away from areas that have high growth potential to make way for safer investments. On Monday, the yield of the 10-year Treasury benchmark note was 1.769%.

Last week, corrections were made to the tech-heavy Nasdaq composite index. The index is down 11.4% so far this year, underperforming the S&P and Dow, which have declined 7.5% and 5.4%, respectively.

John Lynch is the chief investment officer at Comerica Wealth Management. He stated that “considering the expectations for solid gains for the economy and corporate profit…we don’t believe the fundamentals support any immediate technical weakness beyond a classic 10.0% correction.” He said that a look at the fundamental and technical backdrops suggested that a bottom was forming.

A number of earnings reports are on deck for Tuesday before the market opens, including Johnson & Johnson, 3M, General Electric, American Express and Verizon.

Microsoft and Texas Instruments will both report after the market closes.