the bull of wall street is seen during the pass of the snowstorm on january 31 2021 in new york city this report is from todays cnbc daily open our new international markets newsletter cnbc daily open brings investors up to speed on everything they need to know no matter where they are like what you see you can subscribe here  markets snapped their losing streak the dow jones industrial average gained 033 the nasdaq composite boosted by a huge 1402 spike in nvidia rose 072 the sp 500 added 053 ending the trading session at 401232 points dispelling fears if only for now that the index could remain below 4000 points this year even though stocks have staged a rebound analysts warn that markets are not out of the woods yet the market has not priced in the risk of recession said bankrates chief financial analyst greg mcbride a note from societe generale was harsher saying markets have entered a death zone where there is little valuation support for the levels stocks are at now not everyone is pessimistic about the state of the markets however brendan murphy head of core fixed income north america at insight investment thinks the us economy can avoid a recession while bringing inflation down to 2 we are now in a period of low growth and moderating inflation said murphy newly released data seems to back him on thursday fourthquarter gross domestic product in the us was revised down from 29 to 27 on an annualized basis consumer spending wasnt as strong as initially estimated while that means its possible for markets to advance further this year two pieces of data coming out friday januarys personal consumption expenditures price index and personal income report will test that idea subscribe here to get this report sent directly to your inbox each morning before markets open