U.S. equity markets saw a reversal as March S&P 500 futures rallied above the 50-day moving average of 6,875. The recovery followed a session low of 6,814.58, triggered by a rapid drop in volatility after the U.S. President addressed the Davos forum regarding international relations. Additionally, market participants are focused on the Q4 earnings season, which currently shows an 8.2% growth rate. Analysts noted that if historical trends continue, the index could see double-digit earnings growth for the fifth consecutive quarter, providing further support for the underlying trend in equities.