Dow soars 400 points as US stocks add to last week's rally ahead of top tech earnings

As the rally on Wall Street continued, the US stocks closed higher.

The Dow Jones Industrial Average jumped more than 400 points. The S&P 500 and the blue chips ended last week higher.

Earnings this week could be a catalyst for the stock market as investors await reports from tech giants.

At the close of business on Monday, the US indexes stood at this location.

• S&P 500: 3,797.46, up 1.19%

• Dow Jones Industrial Average: 31,499.62, up 1.34% (417.06 points)

• Nasdaq Composite: 10,952.61, up 0.86%

There are other things happening today.

• Wells Fargo expects the Federal Reserve to keep interests rate at 5% into next year, which will bring more pain for investors and stocks.
• Barry Sternlicht told Fortune that the Fed's decisions will breach the trust in capitalism. 
• The latest decline in the housing market is different from the 2008 Great Financial Crisis, according to a report from Glenmede. 

Commodities and bonds are included.