Dow's Best January in 14 Years

Dow

11,891.93

+68.23

+0.58%

By: Abby Schultz

Stocks rebounded on Monday as investors returned to stocks after a sharp sell-off on Friday, but yet kept a cautious eye on events unfolding in Egypt.

The Dow Jones Industrial Average rose 68.23 points, or 0.6 percent, to close at about 11891.93, after falling 1.4 percent on Friday. For the month, the Dow gained 314.42 points or 2.72 percent, its best January performance since 1997 and its first January gain in four years.



The S&P 500 gained 9.78 points, or 0.77 percent, to close at 1,286.12. For the month, the broad market index rose 28.48 points, its best January performance since 2006.

The Nasdaq rose 13.19 points, or 0.5 percent, to close at 2,700.08. For the month, the Nasdaq rose 47.21 points, or 1.78 percent.

The Russell 2000 Small Cap Index snapped a four-month winning streak, falling 2.40 points or 0.3 percent, to close at 781.25.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell to under 20 on Friday. The VIX skyrocketed nearly 24 percent Friday as the crisis in Egypt flared, its biggest daily spike since May 20, according to Schaeffer's Investment Research.