U.S. stock index futures were little changed during overnight trading Sunday after the S&P posted its best week of 2022The increase was due to quarterly earnings reports, and an improved-than-expected January Employment Report.

Futures contracts linked to the Dow Jones Industrial Average rose 0.11%. S&P 500 futures were flat, while Nasdaq 100 futures eased 0.1%.

The S&P and Nasdaq Composite advanced on Friday for their fifth positive session in the last six, and the indices also posted their best week since December. The Dow fell 0.06% Friday but managed to gain 1.05% for the week. Meanwhile, the Russell 2,000 posted its highest week of 2022 with a positive week and recorded five consecutive weeks.

The major averages rose due to better-than-expected January job reports and earnings data. Friday’s Labor Department report stated that 467,000 jobsThey were much more than the 150,000 Dow Jones economists expected to see in January.

Peter Essele from Commonwealth Financial Network, who heads portfolio management said that “the increase in payrolls was a welcome signal for the economy.” Investors were reassured by the increase, which was a confirmation that future rate increases are likely. The first one will occur at the March meeting.

The gains last week follow a difficult start to the year, as investors shifted to value-oriented markets after rising rates.

So far 56% of S&P 500 companies have posted quarterly earnings, with 79% beating earnings estimates and 77% topping revenue expectations.

The individual performances have been quite different. Snap increased 58.8% while Amazon shares gained 13.5%. After its quarterly update, Facebook parent Meta fell 26% Thursday. It is having its worst week yet.

Wells Fargo informed clients Friday that “all investors continue to “sell the news.” “We are late in the cycle. Markets are becoming increasingly selective. Market will not be able to lift all boats, and it will get less forgiving.”

According to the firm, investors looking ahead should reduce losses rapidly and place more emphasis on margins than bottom- or top-line numbers.

Another busy week of earnings is on deck with 76 S&P 500 companies set to post results. The Dow component components, which include Coca-Cola and Disney, will offer quarterly updates. On Semiconductor and Amgen are some of the companies that will be reporting earnings Monday.

Investors will pay attention to key inflation data later in the week: The consumer price index (on Thursday) and the University of Michigan’s Consumer Sentiment Survey (on Friday).