The Dow climbed 114.88 points, or 0.43%, to 26,584.77. The S&P 500 gained 0.74% to 3,239.41. The Nasdaq Composite outperformed, rising 1.67% to 10,536.27. Gains across the major tech names lifted the broader market as traders braced for the busiest week of the earnings season.
The move higher in stocks came as gold prices soared to a new record high. Gold futures hit an intraday high of $1,941.90 per ounce and settled 1.8% higher at $1,931.50. Monday's gain put the precious metal up more than 26% year to date, on pace for its biggest one-year gain since 2010.
Amazon gained 1.54% after several analysts hiked their 12-month price targets on the e-commerce giants. Apple also rose 2.37% and was among the best-performing Dow stocks. Facebook, Netflix, Alphabet and Microsoft ended the day higher as well.