NEW YORK (MarketWatch)
U.S. stocks finished sharply higher on Monday, as an upbeat survey of the service sector raised hopes for the economy, just as Wall Street gears up for earnings season.
Ending a four-day losing streak, the Dow Jones Industrial Average rose 112.08 points, or 1.2%, to finish at 9,599, lifted by a 4.6% gain in shares of JP Morgan Chase and a 4% gain in shares of Caterpillar Inc.
The S&P 500 index rose 15.25 points, or 1.5%, to 1,040.46.
The advance was led by the energy sector, as crude oil futures rose back above $70 a barrel, and financials, after Goldman Sachs raised its views on the sector.
The Nasdaq Composite rose 20.04 points, or 1%, to 2,068.15.



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