US equity markets climbed for a second session to close out a tough January that left the S&P500 and Nasdaq nursing their worst month since the onset of the pandemic - Dow rallied +406-points or +1.17% . Boeing Co (up +5.07%) was the top index performer after the airline won a deal with Qatar Airways worth $34B. The broader S&P500 gained +1.89%, with Consumer Discretionary (up +3.81%), Information Technology (+2.68%) and Communication Services (+2.40%) leading all eleven primary sectors higher. Tesla Inc gained +10.68% after Credit Suisse upgraded the electric vehicle maker following the recent pullback and citing robust company fundamentals. The Nasdaq jumped +3.41%. Netflix Inc jumped +11.13% (paring its January loss to -29.1%) after Citi upgraded the stock to buy from neutral, saying that the streaming service has ample pricing power to weather high inflation, and that prevailing equity values don’t reflect material subscriber growth prospects beyond 2023. Chipmaker NVIDIA Corp rallied +7.21%, paring its monthly decline to -16.7%. The small capitalisation Russell 2000 +3.05%. In merger and acquisition (M&A) news, cloud-computing company Citrix Systems Inc (down -3.42%) confirmed weekend press speculation that Elliott Management Corp.’s private-equity arm, Evergreen Coast Capital, and Vista Equity Partners would acquire the company for US$16.5B.