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 (INDU 9,600, +111.85, +1.18%) rose 112.08 points, or 1.2%, to finish at 9,599, lifted by a 4.6% gain in shares of JP Morgan Chase (JPM 43.79, -0.01, -0.02%) and a 4% gain in shares of Caterpillar Inc. (CAT 50.80, +0.05, +0.10%) . The S&P 500 index (SPX 1,040, +15.25, +1.49%) 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 (COMP 2,068, +20.04, +0.98%) rose 20.04 points, or 1%, to 2,068.15.

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