Stock futures held steady in overnight trading Tuesday after a rally on Wall Street as investors bought the dip following a five-day sell-off in the S&P 500.

Futures of the Dow Jones Industrial Average had little change. S&P 500 futures and Nasdaq 100 futures were also flat.

After a market rebound, the overnight session saw the Nasdaq Composite gain more than 1% for the second consecutive day. The S&P 500 rose 0.9% on Tuesday, snapping a five-day slide, while the blue-chip Dow added 180 points.

Chris Hussey (a Goldman Sachs managing director) stated in a note that “the anxiety related to the Fed’s recent hawkish tilt & the outlook for higher rates seems a bit calmed (at least for the moment), leaving investors searching for opportunities in pockets which saw the deepest cuts over the recent weeks.”

The Federal Reserve’s announcement of a more rapid tightening process has caused a sharp sell-off for technology stocks in 2017. Many predicted that March would be the start of the first rate hike.

The bond yields that had soared in anticipation of 2022’s opening were stabilized by Tuesday. After reaching 1.8% earlier in week, the 10 year Treasury yield fell to 1.76%.

Investors await Wednesday’s important inflation data in order to evaluate the economy and determine the Fed’s next moves.

This is a key indicator of consumer price is expected to showInflation at the consumer level rose in December. This was the highest increase since the 1980s. Dow Jones reports that economists anticipate the consumer price index to rise by 0.4% in December and 7% year-over-year.

Craig Erlam of Oanda senior market analyst said that “I am not certain the inflation data tomorrow” will calm investors minds. CPI has been seen reaching a multi-decade high at 7%. Investors could be frightened by a higher reading, just as the equity markets are stabilizing.

Fed Chairman Jerome Powell said on TuesdayThe economy is healthy and needs tighter monetary policies. This will likely result in rate increases, asset purchase tapering, and smaller balance sheets.

On Friday, major banks will start the fourth-quarter earnings campaign. JPMorgan Chase and Citigroup will release their quarterly results prior to the bell. Wells Fargo, Wells Fargo and Citigroup are also expected to report.