Tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year's profit outlook.

The Dow climbed about four tenths of one percent, the S&P 500 rose two tenths and the Nasdaq gained three tenths.

The S&P 500 confirmed a bull market on Friday after posting a record high close for the first time in two years.

An index of semiconductors hit a fresh all time high as did Nvidia.

Kevin Mahn, president and chief investment officer with Hennion & Walsh Asset Management said he thinks the market has gotten ahead of itself.

"The S&P 500 and the Dow Jones Industrial average have hit all time highs yet again. And unfortunately, what comes with that is excessive valuations, as the S&P 500 is now trading at a PE above 23. Now, that doesn't mean that the market can't or won't move higher. It just means that attractively valued stocks are going to be a little bit more difficult to find."

Other stocks on the move included Archer-Daniels-Midland which dropped more than 20 percent after placing its CFO on administrative leave for an investigation and cutting its full-year profit forecast.

And Gilead Sciences which lost 10 percent after its cancer drug missed the main goal in late-stage study.