Stocks stage major reversal higher; Disney, Snap earnings on the way; Disney, Snap earnings on the way

Is market turbulence the new norm? Plus, Carl Icahn says some levered funds will destroy this market—more bluster or wisdom from Uncle Carl? And Disney, Snap and Chipotle earnings are on the way. Plus a look ahead to everything you need to know for another big trading session tomorrow. Catch The Final Round with Jen Rogers and Yahoo Finance markets correspondent Myles Udland.

Winners and losers

Stocks in the red today include Credit Suisse as it will end trading and liquidate its daily inverse VIX short-term ETN—the XIV; Cirrus Logic as the chip name reported a profit and revenue miss; and Cboe, with the exchange operator getting hit as investors worry about how the implosion of products like the XIV will hurt VIX-related trading volume.

Stocks in the green today include GM as the automaker announced fourth-quarter earnings today, beating on revenue handily; Micron Technology as the chipmaker raised its quarterly outlook; and Toyota, with shares getting a boost as the automaker raised its full-year profit forecast, citing improved sales and a weaker yen.