All three major US stock indexes ended at all-time highs on Monday, extending their record-setting climb of the past few weeks as the dollar's weakness boosted commodity-related shares. Deal news also bolstered stocks. Shares of Xylem rose 3.9 percent to USD 50.32 after the water technology company said it would buy Sensus USA for about USD 1.7 billion in cash. Oil rose to five-week highs, driving the S&P 500 energy index up 0.6 percent, while other commodity-related shares also rose as the US dollar eased.
The S&P 500 materials index gained 1 percent. While expectations that the Federal Reserve will continue to keep rates low have helped stoke the market's rise, some analysts say a better-than-expected earnings picture could propel further gains in stocks.
"We're moving from an interest-rate-driven bull market to an earnings-driven secular bull market," said Jeffrey Saut, chief investment strategist at Raymond James Financial in St. Petersburg, Florida. He said earnings should pick up this year and continue to improve "over the next few years."
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The S&P 500 materials index gained 1 percent. While expectations that the Federal Reserve will continue to keep rates low have helped stoke the market's rise, some analysts say a better-than-expected earnings picture could propel further gains in stocks. 
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