Stocks rose Monday as Wall Street looked ahead to a week packed with economic data and the latest commentary from the Federal Reserve.
The Dow Jones Industrials resumed its climb from last week, piling on 122.77 points to start a new week at 33,513.74.
The S&P 500 gained 26.04 points to 4,071.68.
The NASDAQ Composite jumped 100.72 points to 11,789.72.
Apple shares jumped more than 2% after Goldman Sachs initiated coverage of the iPhone maker with a buy rating. The gains helped lift both the NASDAQ and the Dow.
JPMorgan double-downgraded KB Home and said its valuation was too high. The stock was last down about 1%.
Traders are coming off a positive week for the major averages. The Dow added 1.8% last week, ending a four-week losing streak. The S&P 500 advanced 1.9%, while the NASDAQ capped the week with a 2.6% pop.
Factory orders slipped less than expected in January, according to data released Monday morning.
Net orders fell 1.6% from December, a small drop than the 1.8% slide expected by economists polled by Dow Jones.
Traders also await the February jobs report on Friday, after January's blockbuster report showed the economy added 517,000 payrolls. Economists polled by Dow Jones are expecting 225,000 jobs added last month.
Prices for the 10-year Treasury increased, lowering yields to 3.94% from Friday's 3.96%. Treasury prices and yields move in opposite directions.
Oil prices settled 47 cents to $79.21 U.S. a barrel.
Gold prices gained $1.80 to $1,856.40 U.S. an ounce.