NEW YORK (CNNMoney.com) -- The Dow reclaimed 10,000 on Monday, hitting its highest point in over a year, as a weak dollar, higher commodity prices and some earnings optimism fired up a broad market advance.

The Dow Jones industrial average (INDU) rose 96 points, or 1%, ending at 10092.19. That was its highest close since Oct. 3, 2008, when it closed at 10,325.38.

The S&P 500 (SPX) index gained 10 points, or 0.9%, to close at 1097.90, ending at its highest point since Oct. 2, 2008.

The Nasdaq composite (COMP) advanced 19 points, or 0.9%, and closed at its highest point since Sept. 26, 2008.

"This is a liquidity driven rally and the market is probably going to keep moving higher over the next few weeks," said Tyler Vernon, chief investment officer at Biltmore Capital.

"People are feeling optimistic," he said. "They're getting sick of getting zero percent returns on money market accounts and are wanting to take on more risk."

After the close Apple (AAPL, Fortune 500) reported fiscal fourth-quarter revenue and earnings that easily beat Wall Street analysts' estimates, thanks to strong sales of Macintosh computers and iPhones. Shares surged as much as 9% in extended-hours trading, hitting an all-time high of $204 per share, before pulling back to trade at $202.19.

Apple's forecast for the current quarter sets revenue in a range between $11.3 billion to $11.6 billion, encompassing the $11.4 billion analysts are predicting. Apple also predicted earnings per share of between $1.70 and $1.78 versus the $1.91 analysts' predict.

Texas Instruments (TXN, Fortune 500) also reported results after the close. The chipmaker reported weaker quarterly earnings and revenue that topped estimates. Shares gained 3% in after-hours trading.

Stocks have been essentially on the rise for more than seven months. Since closing at a more than 12-year low on March 9, the S&P 500 has gained 62.3% as of Monday's close.

Monday's market: Gains were broad-based Monday, with 25 of 30 Dow issues rising, led by 3M (MMM, Fortune 500), American Express (AXP, Fortune 500), Chevron (CVX, Fortune 500), Caterpillar (CAT, Fortune 500), United Technologies (UTX, Fortune 500), Wal-Mart Stores (WMT, Fortune 500), Exxon Mobil (XOM, Fortune 500) and IBM (IBM, Fortune 500).

Wall Street advanced last week after Goldman Sachs (GS, Fortune 500), Intel (INTC, Fortune 500), Google (GOOG, Fortune 500) and others reported better-than-expected quarterly results, raising bets that profits are starting to recover along with the economy. That perception helped the Dow push past the 10,000 level, a key psychological point.

However, Bank of America (BAC, Fortune 500)'s big quarterly loss and General Electric (GE, Fortune 500)'s weaker revenue, both reported Friday, reminded investors that any profit recovery is going to be choppy.

Results: About 135 companies, or 27% of the S&P 500, will report results this week, including 13 Dow components. The standouts are: American Express, 3M, Microsoft (MSFT, Fortune 500), Merck (MRK, Fortune 500), Pfizer (PFE, Fortune 500), and Coca-Cola (KO, Fortune 500). Other big names due to report include: Yahoo (YHOO, Fortune 500), Wells Fargo (WFC, Fortune 500), Amazon.com (AMZN, Fortune 500) and eBay (EBAY, Fortune 500).

Earnings have been beating forecasts around 79% of the time, while revenues have been topping expectations around 61% of the time, according to Thomson Reuters.

S&P 500 earnings are expected to have fallen around 23% in the third quarter from a year ago, according to the latest from earnings tracker Thomson Reuters.

That would make the third quarter the ninth consecutive loser for the S&P 500, the worst streak since Thomson began tracking results a decade ago.

World markets: Global markets were mixed. In Europe, London's FTSE 100 rose 1.8%, France's CAC 40 added 1.7% and Germany's DAX gained 1.9%. Asian markets ended mixed, with the Hong Kong Hang Seng lower and the Japanese Nikkei higher.

Bonds: Treasury prices gained, lowering the yield on the 10-year note to 3.38% from 3.41% late Friday. Treasury prices and yields move in opposite directions.

Prices were volatile after the latest government debt auctions saw strong demand. Treasury sold $30 billion in 3-month bills and $30 billion in 6-month bills.

Currency and commodities: The dollar tumbled versus the euro and the yen, resuming its recent slide versus a basket of currencies.

U.S. light crude oil for November delivery rose $1.08 to settle at $79.61 a barrel on the New York Mercantile Exchange, after ending the previous session at the highest level in a year.

COMEX gold for December delivery rose $6.50 to settle at $1,058.10 an ounce. Gold has surpassed records repeatedly this month due to the weak dollar and longer-term worries about inflation.

Market breadth was positive and trading volume was fairly light. On the New York Stock Exchange, winners beat losers seven to three on volume of 1.08 billion shares. On the Nasdaq, advancers topped decliners eight to five on volume of 1.99 billion shares. 

At 4:41 a.m. ET, S&P 500, Nasdaq-100 and Dow Jones industrial average futures were a shade higher.

Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.

Stocks have been on a roll recently. The Dow hit a fresh one-year high Thursday and closed above the 10,000 mark for the second straight session.

Earnings: Bank of America (BAC, Fortune 500) and General Electric (GE, Fortune 500) are on tap to post quarterly results before U.S. markets open.

Google (GOOG, Fortune 500) reported results late Thursday that surpassed Wall Street's estimates and said that the worst of the recession is over.

Tech bellwether IBM (IBM, Fortune 500) also posted better-than-expected earnings Thursday. But shares dropped in after-hours trading as investors expressed disappointment with its lower revenue.

Economy: A reading on industrial production and capacity utilization is due out at 9:15 a.m. ET.

That's followed by the University of Michigan's consumer sentiment survey, which comes out at 10 a.m. ET.

World markets: Stocks finished mixed in Asia. The Nikkei in Japan rose slightly while Hong Kong's Hang Seng index posted mild losses. Major European indexes were higher in morning trading. 

NEW YORK (CNNMoney.com) -- The Dow carved out another one-year high Thursday as rising oil prices and a late-session rally overshadowed bank sector caused by Citigroup's and Goldman Sachs' profit reports.

The Dow Jones industrial average (INDU) gained 47 points, or 0.5%, closing above 10,000 for the second session in a row. The Dow is currently at its highest point since Oct. 3, 2008, when it closed at 10,325.38.

The S&P 500 (SPX) index edged up 4 points, or 0.4% and the Nasdaq composite (COMP) ended just above unchanged.

Weakness in financial shares dragged on stocks through the early afternoon. But a 3% spike in oil prices caused energy stocks to rise late in the session, with Dow stocks Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500) among the big gainers.

After the close, Google (GOOG, Fortune 500) reported a third-quarter profit that topped estimates, sending shares 2% higher. Google CEO Eric Schmidt said in a statement that "we believe the worst of the recession is behind us and we now feel comfortable investing heavily in our future."

Also after the close, Dow component IBM (IBM, Fortune 500) reported higher quarterly earnings that topped estimates and lower quarterly revenue that topped estimates. Looking forward, the company said it expects full-year 2009 earnings of at least $9.85 per share versus its previous forecast of $9.70 per share.

Friday brings the October consumer sentiment index from the University of Michigan and government readings on September industrial production and capacity utilization. Dow stocks Bank of America (BAC, Fortune 500) and General Electric (GE, Fortune 500) are both expected to report results before the start of trading.

Strong quarterly results from JPMorgan Chase and Intel helped fuel a big advance on Wall Street Wednesday, pushing the Dow to close above 10,000 for the first time in over a year. But stronger-than-expected results from Citi and Goldman had less impact Thursday.

The 10,000 number is more psychological than anything else, as it's a round number and also puts the Dow back to where it stood just after the collapse of Lehman Brothers last year. But analysts say that the just-getting-started third-quarter reporting period is what's really going to determine whether stocks keep moving higher.

The early results have been good -- with roughly 75% of companies beating earnings estimates. Also, revenues have shown some stabilization. Should that trend continue, it would help assuage fears that cost-cutting is the only thing helping earnings stabilize and that little topline growth exists.

"The first real week or so is not necessarily indicative of what the rest of the earnings are going to look like," said Burt White, chief investment officer at LPL Financial. "That said, the trend of earnings beating expectations is going to continue. Conditions are improving faster than people have been expecting."

Results: Goldman Sachs (GS, Fortune 500) reported a $3.2 billion quarterly profit, thanks to strength in its trading business, which has recovered this year. The financial behemoth reported quarterly revenue and earnings that rose from a year ago and topped estimates.

The company's chief executive said the strong quarter was due to signs of stabilization and growth across a variety of sectors.

Citigroup (C, Fortune 500) reported a quarterly loss Thursday due to the ongoing impact of the credit crisis. But the loss was narrower than analysts had been expecting.

On Wednesday, JPMorgan Chase (JPM, Fortune 500) said it earned $3.6 billion in the quarter, also due to strength in its investment business.

Economy: The morning brought a mix of economic news, with readings on consumer inflation, jobs and manufacturing all in the mix.

The Consumer Price index (CPI) rose 0.2% in September, after rising 0.4% in August. The rise was in line with a consensus of economists surveyed by Briefing.com.

The so-called core CPI, which strips out volatile food and energy, rose 0.2% after rising 0.1% in August. Economists thought it would rise 0.1%.

Around 514,000 people filed new claims for unemployment last week, down from a revised 524,000 in the previous week. Economists expected 520,000 new claims.

Continuing claims, a measure of those who have been receiving benefits for a week or more, fell to 5.992 million from 6.067 million in the previous week, versus forecasts for a smaller drop to 6 million.

Two regional manufacturing reports were also released. The Philadelphia Fed index dipped to 11.5 in October from 14.1 in the previous month, versus forecasts for a smaller slide to 12.

The Empire State Manufacturing Index, which measures activity in the New York region, rose to 34.57 in October from 18.88 in September. Economists thought it would fall to 17.25

Bonds: Treasury prices fell, boosting the yield on the 10-year note to 3.46% from 3.42% late Wednesday. Treasury prices and yields move in opposite directions.

Currency and commodities: The dollar fell versus the euro and gained against the yen, turning mixed after its recent across-the-board weakness versus a basket of currencies.

U.S. light crude oil for November delivery rose $2.41 to $77.59 a barrel on the New York Mercantile Exchange, following the morning's weekly inventories report from the government. Oil prices ended the previous session at the highest level in a year.

COMEX gold for December delivery fell $14.90 to $1,049.00 an ounce. Gold has been hitting record highs almost daily in response to a weak U.S. dollar and ongoing concerns about inflationary pressures.