All eyes are on Nvidia earnings, with the company announcement set for Wednesday after the market close. The options market is pricing in a 9.8% move in either direction, and Nvidia has stayed above the lower expected range following all six of the company's latest earnings announcements.

Global markets were mixed on Monday as traders largely treaded water after a busy period that saw a post-election "explosion" in enthusiasm in the United States, followed by a pullback

The chip maker’s earnings day has become a major event on Wall Street, drawing comparisons with Fed meetings and key economic reports for their influence over the broader market.