Dow Roars Past 10,000

Updated with closing prices.

NEW YORK (TheStreet) -- Stocks made a strong move Monday as Wall Street is seeing the earnings glass half full.

The Dow Jones Industrial Average added 96.28 points to end the trading session at 10,092.19, while the S&P 500 rose 10.23 points, to finish at 1097.91. The S&P traded above 1100 intraday for the first time this year. The Nasdaq closed higher by 19.52 points to 2176.32.

Twenty five of the Dow's 30 components were in positive territory, led by a 6% spike in shares of Caterpillar (CAT Quote), which is scheduled to report earnings before the start of trading Tuesday.

Meanwhile, the Nasdaq's gain was fueled by eBay (EBAY Quote), Garmin (GRMN Quote), Joy Global (JOYG Quote) and VeriSign (VRSN Quote), which all rose by 3% or more.

Continuing the earnings train, both Apple(AAPL Quote) and Texas Instruments(TXN Quote) beat Wall Street expectations with quarterly reports issued after the closing bell Monday afternoon. Apple especially impressed investors with a 46% rise in profit; its shares jumped 4.5% in after-hours trading.

Robert Pavlik, chief market strategist with Banyan Partners, says that the Dow will likely continue to bounce around the 10,000 mark, although he's not as concerned about that psychologically important level. Instead, Pavlik is paying closer attention to the broader-based S&P 500.

"The S&P 500 is up more than 20% year to date, which is amazing," Pavlik said. "That's great for any year, never mind 2009. Remember that earlier this year, some people thought we wouldn't see a quick recovery. It seems now that sentiment is changing and people are trying to catch up."