NEW YORK (CNNMoney.com) -- Wall Street had a little party Monday on the latest round of solid corporate earnings, pushing the Dow Jones industrial average up more than 100 points to another record high.

The 30-share Dow (up 106.70 to 12,109.07, Charts), the world's most widely watched stock market gauge, jumped nearly 1 percent with about three hours left in the session.

The broader S&P 500 (up 7.35 to 1,375.95, Charts) rose about 0.4 percent while the tech-laden Nasdaq (up 15.97 to 2,358.27, Charts) composite added 0.8 percent.

Corporate earnings continued Monday, and results were generally solid. Ford (down $0.14 to $7.87, Charts) reported a loss of 62 cents a share for its third-quarter, in line with analysts' expectations.

AT&T (up $0.06 to $34.50, Charts) profit spiked to 63 cents a share, beating analyst projections of 58 cents.

And Wal-Mart said it's slowing its rate of growth in the U.S., planning to increase it's capital expenditures by 2 to 4 percent next year versus the 15 to 20 percent rate this year.

Investors applauded the decision and sent Wal-Mart (up $1.79 to $51.16, Charts) shares up 4 percent.

"The consumer is still there and companies are having a strong earnings season," said Kim Caughey, an analyst at Fort Pitt, a Pittsburgh-based asset management company. "Very few companies have guided down. Things look strong."

Last week, earnings were mostly positive as well, pushing the Dow above the 12,000 mark for the first time.

But investors remain nervous as to whether the economy can handle a cooling period without slipping into recession, as well as about the ever-present threat of inflation.

Earnings period continues in full swing this week, with reports due from companies in varied sectors of the economy including autos, consumer goods, tech and energy.

The Federal Reserve also is set to meet this week, which could make investors jittery. Central bank policymakers are widely expected to hold interest rates steady at 5.25 percent when they meet Tuesday and Wednesday.

On the commodities front, Oil prices tumbled, sinking 93 cents to $58.40 a barrel on the New York Mercantile Exchange.

COMEX gold fell $8.70 to $587.70.

Treasury prices were lower, raising the yield on the benchmark 10-year note at the 4.83 percent.

In currency trading, the dollar rose against the euro and the yen.

Stocks in Asia rose, with Tokyo's benchmark Nikkei average closing at its highest level since May. European shares fell in early mid-day trading.

Market breadth was negative. On the New York Stock Exchange, winners beat losers three to two on volume of 478 million shares. On the Nasdaq market, advancers edged out decliners as 620 million shares changed hands.

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