US stocks recorded gains when they closed the last sessions of the month of January on Monday, January 31 and the first sessions of the week, as the Nasdaq Composite Index, which specializes in the technology sector, avoided its worst monthly performance ever, after rising more than 3% yesterday, Monday, to reduce its monthly losses to 8.98% in The worst performance for the month of January since 2008.

Companies and financial institutions continue to announce and disclose their quarterly results for the year 2021 and the fourth quarter, as companies such as Alphabet, ExxonMobil, Facebook, Meta, Nokia, Amazon, Snapchat, Ford and many more companies will announce this week.

In terms of stock movement during the opening session, Moderna’s shares rose by more than 6% during the opening session after the vaccine giant obtained full approval from the Food and Drug Administration for one of its vaccines.

On the other hand, Tesla shares rose by more than 10% at closing at $936 levels, after Credit Suisse analysts raised their recommendation to buy the stock, considering it attractive at current prices.

The Dow Jones Industrial Average closed up by about (406) points at the close at 35.131 levels, with gains of about 1.17%, but it recorded losses in January estimated at 3.31%, the worst since last November.

While the S&P 500 index recorded gains at the close at 4.515 levels, an increase of about (83) points, or 1.89%, and recorded its worst monthly performance since March 2020 by 5.26%.

While the Nasdaq index recorded increases by (469 points), to close the session at 14.239 points, recording gains of about 3.41%, and recording a monthly loss estimated at 8.98%, the largest since March 2020 as well.