Stocks were mixed Monday as traders wrapped up what has been a whirlwind of a month.
The Dow Jones Industrials dumped 99.29 points to begin Monday at 34,676.18. The Dow, off by about 4% this month, is heading for its worst month since October 2020.
The S&P 500 picked up 11.22 points, or 2.4%, to 4,443.07, currently on pace for its worst month since October 2020. The S&P 500 is down 7% in January.
The NASDAQ jumped 155.13 points, or 1.1%, to 13,925.71. The NASDAQ, which is roughly 15% off its November record close, is headed for its worst month since October 2008 and the worst first month of the year of all time. The technology-focused average is down 11% in January.
Netflix gained 7%, and Spotify added 9%, following an upgrade from Citi to buy from neutral.
Tesla shares gained more than 5% following an upgrade of the stock to outperform by Credit Suisse. Other EV makers rose too, with Rivian and Lucid each adding about 4%. Lordstown Motors jumped 18%.
On the downside, a 3% decline in Caterpillar shares weighed on the Dow after Credit Suisse cut its price target on the stock. Walgreens fell more than 1% after it kicked off the sales process for its Boots unit. Travelers Companies lost more than 1% too.
Investors have a big week for economic data and some important earnings reports from some of the market's biggest tech names, including Alphabet, Meta Platforms, Amazon and more. About one-third of S&P 500 companies have reported fourth-quarter earnings and 77% have beaten Wall Street's earnings expectations
Prices for 10-year Treasurys were a tad lower, raising yields to 1.80% from Friday's 1.79%. Treasury prices and yields move in opposite directions.
Oil prices acquired 54 cents to $87.36 U.S. a barrel.
Gold prices hiked $13.60 to $1,800.20 U.S. an ounce.