Stocks rally but January still worst since March of 2020

U.S. stocks finished with broad gains as investors wound down a volatile month and ahead of another busy week for earnings and jobs data. 

The Nasdaq Composite took the lead rising 3.4% as Tesla and Netflix led the gains. 

Ticker	Security	Last	Change	Change %
I:COMP	NASDAQ COMPOSITE INDEX	19003.651134	+31.23	+0.16%
TSLA	TESLA INC.	352.56	+12.92	+3.80%
NFLX	NETFLIX INC.	897.79	+0.31	+0.03%

The Dow Jones Industrial Average rose over 406 points or 1.1%, reversing morning losses and the S&P 500 gained 1.9%. 

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	44296.51	+426.16	+0.97%
SP500	S&P 500	5969.34	+20.63	+0.35%

Despite the rally, the S&P 500 clocked its worst month since March of 2020 down 5.3%, the Nasdaq lost 9% and the Dow 3%. 

Ticker	Security	Last	Change	Change %
BA	THE BOEING CO.	149.29	+5.88	+4.10%

Boeing rose after announcing a new $6.8 billion order from Qatar Airways for GE9X engines as part of its global launch order of up to 50 Boeing 777-8 Freighters.  The commitment, which includes 34 firm 777-8 orders and an additional 16 purchase right options, also includes GE90 engines for an additional order of two Boeing 777 Freighters.

Ticker	Security	Last	Change	Change %
MRNA	MODERNA INC.	41.11	+2.86	+7.48%

Moderna also rose after the Food and Drug Administration fully cleared is COVID-19 use for individuals 18 and over. Prior to, the vaccine was being administered via emergency use classification.  

Deal-making was active Monday with Sony Interactive announcing plans to buy Bungie, the maker of the Halo and Destiny titles, for $3.6 billion. This follows Microsoft's $69 billion purchase of Activision. 

Ticker	Security	Last	Change	Change %
SONY	SONY GROUP CORP.	19.06	-0.01	-0.05%
MSFT	MICROSOFT CORP.	417.00	+4.13	+1.00%
ATVI	NO DATA AVAILABLE	-	-	-

Also, Citrix Systems confirming it will go private in a deal valued at $16.5 billion as Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P and Vista Equity Partners, acquire the company.

Ticker	Security	Last	Change	Change %
CTXS	NO DATA AVAILABLE	-	-	-

Blackberry is selling the majority of its patents tied to a legacy smartphone arm for $600 million to Catapult IP Innovations.

Ticker	Security	Last	Change	Change %
BB	BLACKBERRY LTD.	2.35	+0.03	+1.29%

And J.B. Hunt Transport Services Inc is buying Bassett Furniture Industries, Inc.'s Zenith Freight Lines, in a deal valued at $87 million. 

Ticker	Security	Last	Change	Change %
JBHT	J.B. HUNT TRANSPORT SERVICES INC.	182.40	+0.83	+0.46%
BSET	BASSETT FURN	14.94	+0.55	+3.82%

In earnings news, Cirrus Logic and NXP Semiconductor are set to report on Monday. 

Ticker	Security	Last	Change	Change %
CRUS	CIRRUS LOGIC INC.	104.82	+2.27	+2.21%
NXP	NUVEEN SEL T-F P 3 FD	14.55	-0.11	-0.75%

Later in the week tech will be in focus with Amazon, Google, and Meta Platforms, formerly Facebook, set to report.  

Ticker	Security	Last	Change	Change %
AMZN	AMAZON.COM INC.	197.12	-1.26	-0.64%
GOOGL	ALPHABET INC.	164.76	-2.87	-1.71%
FB	NO DATA AVAILABLE	-	-	-

Sony Pictures' "Spider-Man: No Way Home" grossed $11 million over the weekend, according to studio estimates Sunday, bringing its domestic total to $735.9 million. The Marvel hit has accounted for a huge percentage of the month’s ticket sales.

Ticker	Security	Last	Change	Change %
SONY	SONY GROUP CORP.	19.06	-0.01	-0.05%

In commodities, oil hovered around the $87 per barrel level ahead of OPEC's meeting this week. 

Ticker	Security	Last	Change	Change %
USO	UNITED STATES OIL FUND - USD ACC	74.25	+1.05	+1.43%

DRUGMAKERS RAISED PRICES BY 6.6% ON AVERAGE EARLY THIS YEAR

Asian stocks followed Wall Street higher Monday at the start of a week when China, South Korea and Southeast Asian markets will close for the Lunar New Year holiday.

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The major cryptocurrencies – Bitcoin, Ethereum and Dogecoin were all down. 

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The Associated Press contributed to this report.