U.S. stock benchmarks finished higher Monday, powered by a rally in technology and e-commerce shares ahead of earnings from biggies, including Facebook , Apple , and Amazon.com in the coming week. Thus far, those companies have helped to lead the Nasdaq to fresh records and propelled the broader market higher because those companies have an outsize influence on the overall market by dint of their market capitalization. Large-cap technology and e-commerce companies have been viewed as more resilient to the COVID-19 pandemic that has crippled a host of industries, including many travel and retail companies. Tech's rally also comes as investors drove gold prices to a fresh settlement record and an all-time intraday near $2,000, amid concerns about the spread of the viral pandemic and central banks and governments doling out trillions to curtail the economic harm from the pandemic. Against that backdrop, the Dow Jones Industrial Average closed 115 points, or 0.4%, higher at around 26,584, the S&P 500 index finished up 0.7% at about 3,239, while the tech-laden Nasdaq Composite Index closed up 1.7% at around 10,536 and the Nasdaq-100 , comprised of the Nasdaq's largest companies, closed up 1.8% at 10,674, FactSet data show. In economic news, a report on orders for durable goods, those lasting at least three years, climbed 7.3% in June, the government said on Monday. Wall Street economist had forecast on average a gain of 7%.
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