Although most stocks made forward progress in January, a few of them bucked the bigger trend for understandable reasons.

Despite all the fireworks on Monday, including a 17% decline for Nvidia’s stock, the S&P 500 index ended January with a 2.8% gain and 72% of its stocks were up for the month.

On Monday, the Dow Jones lost another 0.28 percent, while the S&P 500 and the Nasdaq Composite both registered steep declines of 0.76 percent and 1.20 percent, respectively.

Industrial company 3M ( MMM 1.15%) was the index's top performer in January with a 17.9% gain. Part of the stock's movement came after the company reported fourth-quarter results. Adjusted sales, which remove acquisitions/sales and foreign currency effects, grew 2.1% compared to a year ago. Diluted earnings per share fell 1.2% to $1.68.

This story has been corrected to clarify that the stocks are part of the Dow Jones Industrial Average (DJI), not the Global X Dow 30 Covered Call ETF (DJIA).