The stock markets have seen a positive turn today, with the S&P 500 and Nasdaq climbing as oil prices retreat. After a significant drop, the S&P 500 has rebounded from its recent declines, and investors are optimistic as they focus on upcoming inflation data and quarterly earnings reports. The Dow Jones futures also indicate a rise following a challenging session. However, Hong Kong stocks have faced their largest fall in 16 years, causing concerns in the broader market. Tech stocks, particularly Nvidia, are leading the way in the rebound as traders digest mixed signals from global markets, including a temporary surge and subsequent fade of Chinese stocks following stimulus announcements. As Wall Street prepares for a higher open, all eyes are on the impending inflation data and earnings reports that may influence market dynamics in the coming days.