By Dhirendra Tripathi

Investing.com — The stock market bounced Tuesday after diplomatic efforts to end tensions between Russia and Ukraine continued. Russia claims that they have withdrawn some troops from the border.

Western officials said they still hadn’t seen proof that those withdrawals were taking place, but appeared eager to continue to engage Russia in talks. In the meantime, investors took this opportunity to get some return on their investment.

Stocks with mega cap growth such as Amazon (NASDAQ) and Apple (NASDAQ) rose Tuesday. 

The January producer price data revealed a higher than anticipated increase, another indication of persistent inflationary pressures. On Wednesday, the Federal Reserve will publish the minutes of its last meeting. This was where policymakers debated the pace and timing for tightening that is expected to begin in March.

It is expected to raise rates by 50 basis points in the next month, according to investors. 

Fears over the speed of rate rises are taking a toll this year on the tech industry, with Nasdaq falling 10% according to Reuters. 

Apart from tomorrow’s Fed minutes, the report on retail sales is expected out. These are the three factors that may impact markets tomorrow.

1. Cisco earnings

According to Investing.com analysts, Cisco Systems Inc (NASDAQ) will report a profit per share for the second quarter of 81c on revenues of $12.66 trillion. Analysts will monitor the company’s cloud transformation outlook.

2. Earnings at Nvidia

Chip maker NVIDIA Corporation (NASDAQ:)’s fourth-quarter revenue is seen touching $7.41 billion with profit per share at $1.22. Analysts will monitor the company’s outlook regarding chip production and global shortages.

3. Retail sales

After a 1.9% drop in December, U.S. data are expected to rise by 2% in January. Data are due to be available at 8:30 AM ET.