Stocks were higher on Monday as traders wrapped up what has been a whirlwind of a month.
The Dow Jones Industrials recovered 108.85 points by noon hour EST Monday at 34,834.32.
The S&P 500 picked up 44.04 points, 1%, to 4,475.89, but is still on pace for its worst month since October 2020.
The NASDAQ popped 317.17 points, or 2.3%, to 14,087.75.
Tech shares have led month-long declines in the market as investors began adjusting to a Fed rate hike and tightening cycle. They bounced on Monday as investors continued to buy the dip. Netflix and Spotify each added 8% and 12%, respectively, following an upgrade from Citi to buy from neutral.
Tesla shares gained more than 8% following an upgrade of the stock to outperform by Credit Suisse. Other EV makers rose too, with Rivian up 8% and Lucid adding about 6%.
On the down side, a 2% decline in Walgreens shares put pressure on the Dow after the company kicked off the sales process for its Boots unit. Caterpillar shares lost more than 1% after Credit Suisse cut its price target on the stock. Travelers Companies also fell more than 1%.
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 gained ground, lowering yields to Friday's 1.79%. Treasury prices and yields move in opposite directions.
Oil prices acquired 60 cents to $87.42 U.S. a barrel.
Gold prices hiked $10.70 to $1,797.30 U.S. an ounce.