Stocks rally to end a dismal January | Tesla shares jump | A February rally?

Stocks gained for a second day Monday.

VIEW IN BROWSER | SUBSCRIBE MON, JAN 31, 2022 EVENING BRIEF AS OF MON, JAN 31, 2022 • 04:59 ET DJIA 35131.86 +1.17% +406.39 S&P 500 4515.55 +1.89% +83.70 NASDAQ 14239.88 +3.41% +469.31   Most Active DOW NAME LAST CHG %CHG AAPL 174.78 +4.45 +2.61% INTC 48.82 +1.09 +2.28% MSFT 310.98 +2.72 +0.88% S&P 500 NAME LAST CHG %CHG AAPL 174.78 +4.45 +2.61% T 25.50 +0.29 +1.15% AMD 114.25 +9.01 +8.56% NASDAQ NAME LAST CHG %CHG AAPL 174.78 +4.45 +2.61% AMD 114.25 +9.01 +8.56% NVDA 244.86 +16.46 +7.21%   EDITOR'S NOTE Stocks rallied for a second day Monday as investors tried to end a rocky trading month on a high note.   The Dow Jones Industrial Average added 406.39 points, or nearly 1.2%. The S&P 500 rose 1.8%. The index still ended January down about 5.3% to post its worst month since March 2020. The Nasdaq also posted its worst month since March 2020, despite climbing 3.4% Monday.   Investors continued buying the dip in tech shares, which have led this month's sell-off. Netflix and Spotify surged more than 11% and 13%, respectively, following upgrades from Citi. The firm said it sees January's pullback as a good buying opportunity. The Dow also got a boost from the rebound in tech shares. Boeing, however, was the top gainer, with the stock climbing 5% after the aerospace company won a deal with Qatar Airways worth $34 billion.   Investors were mixed on whether stocks' recent gains suggest the indexes have hit a bottom and are changing direction. Some were optimistic, while others warned bottoms aren't overnight events and the market could fall further still as the Federal Reserve hasn't started hiking rates yet. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks rally to end a dismal January, but S&P 500 still posts worst month since March 2020 The omicron subvariant is more contagious, but vaccinated people are less likely to spread it, study finds Sony to buy video game maker Bungie in $3.6 billion deal as video game consolidation heats up Spotify faces its Facebook moment as musicians boycott platform over Joe Rogan podcast Peloton internal docs show it slashed 2022 sales goals for apparel unit after segment revenue more than doubled last year Companies, executives donated nearly $300,000 to Manchin's campaign after he rejected Biden's Build Back Better bill The sell-off is nearly over and history says these stocks bounce back first, Trivariate Research says Stocks look ready for a February rally, but chart strategists warn it could be short-lived Russia is willing to go to war and incur sanctions over Ukraine, analysts warn Tesla climbs more than 10% after Credit Suisse upgrade   TOP VIDEO 'I do think there's an opportunity to get more people in the workforce,' says Richmond Fed's Barkin   CNBC PRO These casualties of the meme-stock bust could be due for a bounce, Evercore ISI says   SPECIAL REPORTS What to do if your company stock options are underwater Wage growth may be slowing from 'breakneck' pace   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS