Tech-related issues led markets higher in January, with many large-cap stocks rebounding from a relative pause in December, while smaller caps lagged sharply following the gains seen in December. Despite concerns going into fourth-quarter earnings reports, the VIX Index or “fear gauge” hovered in the low teens for much of January as investors appeared complacent around a host of geopolitical issues and economic events. For the full month, the Dow Jones Industrial Average increased by 1.2%, the S&P 500® index was up 1.6%, and the smaller cap-weighted Russell 2000® decreased by 3.9%.