U.S. stocks ended higher on Monday as the gains in retailer shares and tech-heavy sectors boosted the market.

The Dow Jones Industrial Average was up 178.48 points, or 0.72 percent, to 24,813.69. The S&P 500 increased 12.25 points, or 0.45 percent, to 2,746.87. The Nasdaq Composite Index increased 52.13 points, or 0.69 percent, to 7,606.46.

Several retailers were among the best performers on Wall Street. Shares of Target rose 4.88 percent, while stocks of Kohl's Corporation and Macy's Inc. advanced 4.67 percent and 4.33 percent, respectively, at market closing.

The Nasdaq composite posted a record close on Monday, led by shares of Apple and Amazon. Shares of Apple and Amazon gained 0.84 percent and 1.45 percent, respectively.

Meanwhile, shares of Microsoft gained over 0.87 percent after the software giant announced plans to acquire software developer platform GitHub for 7.5 billion U.S. dollars.

The gains of the major index followed a strong session on Friday when the Dow closed 0.90 percent higher, the S&P 500 was up 1.08 percent and the Nasdaq rose 1.51 percent, after the release of the U.S. jobs report.

Experts noted that the better-than-expected job data continued to provide optimism to the market amid geopolitical concerns.

On the economic front, new orders for U.S.-made goods fell more than expected in April driven by decline in demand for transportation equipment and aircraft. U.S. factory goods orders fell 0.8 percent to 494.4 billion U.S. dollars in April from the previous month, the Commerce Department reported on Monday.