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S&P 500 futures were largely unchanged on Monday evening, as investors geared up for earnings reports from blue-chip companies after the index posted its best day in more than a month.

Futures tied to the broad index were trading near their line, as were Nasdaq 100 futures. Dow Jones Industrial Average futures were up just 12 points.

The moves follow a day of gains on Wall Street, as tech shares rebounded from last week’s sell-off. The S&P 500 rose more than 1%, its best session since early June, while the Dow rose 0.3%.

The tech-heavy Nasdaq Composite was the best performer on that theme, rising 1.6%. The S&P 500 was led higher by the information technology and communications services sectors, which gained about 2% and 1.2%, respectively.

The small-cap Russell 2000 index gained 1.7% in the session, a performance from last week that was seen as a sign that investors were moving money into the group from Big Tech names that have posted huge gains this year.

The shift to small-cap stocks also comes amid growing investor enthusiasm that the Federal Reserve is about to cut interest rates, a move seen as particularly beneficial for smaller and more cyclical companies.

Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, said the rotation from megacap tech to small-cap stocks seen last week is still widespread. He said the broad rally on Monday is an attempt by investors to get ahead of potentially positive earnings reports in the next few days and the personal consumer price index, which is due out later this week.

“I think that rotation story is still intact,” Tentarelli said. “If we get that bullish inflation report, I think you could see another rally in small caps and banks.”

As corporate earnings season heats up, investors will be closely watching the earnings reports of big-name companies like General Motors, Coca-Cola, Comcast, UPS and Spotify, which are due before the bell on Tuesday. Tech giants Alphabet and Tesla, as well as toy maker Mattel, are expected to report results after the close of trading.

Investors will also be watching economic data Tuesday morning on non-manufacturing home sales and existing home sales.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

The CBOE Volatility Index Changes Index hit an April high last week

The CBOE Volatility Index (VIX) 10-day rate of change rose to 32 last week, its highest level since April, according to data analyzed by Canaccord Genuity analyst Michael Welch.

In the five times the gauge — not to be confused with the index itself — has reached that level over the past two years, Welch said only once has it coincided with a near-term stock market low. In the other four instances, he noted that the S&P 500 has retreated between 2% and 10%.

The VIX indicator, known as the “fear gauge” on Wall Street, provides a snapshot of market volatility.

—Alex Harring

Ether ETFs Ready for Debut on Tuesday

Ethereum-based ETFs are set to launch in the U.S. on Tuesday, about six months after bitcoin-based funds debuted.

Some of the firms vying to launch ether funds include mass asset managers like BlackRock, Fidelity, and VanEck. Cryptocurrency-focused firms like Bitwise, 21Shares, and Grayscale — which is effectively turning its multibillion-dollar Ethereum Trust into two ETFs with different fee tiers — are also getting in on the act.

Ether ETFs are expected to see weaker demand, at least initially, than bitcoin ETFs, which have attracted more than $16 billion in net funding to date, according to FactSet. Still, the funds are another sign that cryptocurrencies are becoming increasingly intertwined with the traditional financial system.

“Today’s approval provides further evidence that cryptocurrencies as an asset class are here to stay,” Ophelia Snyder, co-founder and CEO of 21Shares, said in a statement.

—Jesse Pound

See how stock prices change after hours

Below is a list of stocks whose movements were particularly noticeable during longer sessions:

• Cadence Design Systems — Shares of the electronics design company fell 1.6% on weak earnings guidance for the current quarter. Cadence said it expects earnings of $1.39 to $1.49 per share in the third quarter, compared with analysts polled by FactSet forecasting $1.61 per share.
• Crown Holdings — The packaging maker rose 6% on full-year guidance that beat expectations. Crown said earnings should be $6 to $6.25 a share, above estimates of $5.97 a share from analysts surveyed by FactSet.
• NXP Semiconductors — The chipmaker fell 8% after second-quarter adjusted earnings missed expectations. NXP reported adjusted earnings of $3.20 per share, while the consensus estimate was $3.21 per share, according to LSEG.

See the full list here.

—Alex Harring

Stock futures near flat level

Futures contracts for stocks linked to the Dow, S&P 500 and Nasdaq 100 were little changed just after 6 p.m. ET Monday evening.

—Alex Harring