U.S. stocks rose on Monday with the major tech names outperforming as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations.
The Dow Jones Industrials regained 111.34 points to 26,581.23.
The S&P 500 acquired $16.99 points to 3,232.62.
The NASDAQ vaulted 110.97 points, or 1.1%, to 10,474.15.
Apple climbed 2%. Other tech-related stocks, including Facebook, Amazon, Netflix and Alphabet, also traded higher. Facebook, Netflix and Alphabet were all up more than 1%. Amazon advanced 2.4%.
Earlier in the day, an underwhelming print on core durable goods orders dampened market sentiment. Non-defense orders excluding aircraft rose 3.3% on a month-over-month basis in June, falling short of the 3.6% gain expected by economists.
This week will be one of the busiest of the corporate earnings season. McDonald's, Pfizer, Alphabet, Apple and AMD are among the companies slated to release their latest quarterly figures this week.
Through Friday's close, 128 S&P 500 companies had reported earnings, with 81% beating analyst expectations.
However, overall S&P 500 earnings have fallen more than 40% from the year-earlier period as the coronavirus pandemic takes a big bite out of corporate profits.
Prices for the 10-Year Treasury sank, raising yields to 0.59% from Friday's 0.58%. Treasury prices and yields move in opposite directions.
Oil prices dipped 58 cents to $40.71 U.S. a barrel.
Gold prices leaped $34.70 to $1,932.70 U.S. an ounce.