Financials Drive DJIA .

U.S. stocks climbed, as a rosy earnings forecast boosted the financial sector and a climb in crude-oil futures lifted energy stocks.
The Dow Jones Industrial Average was up 108 points, or 1.1%, to 9852, in recent trading. The Standard & Poor's 500 index added 1.2% to 1040, a level that has provided significant resistance in recent weeks. Both measures were led by their financial components while the energy and technology sectors were also strong.
The rally comes as the market attempts to extend Tuesday's gains, bouncing back from a rough June that sent stocks to their lowest point this year. The declines came on growing concerns about the global economy thanks to debt troubles in the euro-zone and a slowdown in China. Investors are seeing the upcoming earnings reporting season as the next catalyst that could propel the market out of the slump.
In the financial sector, J.P. Morgan Chase rose 2.4% and Bank of America advanced 1.9%. The advance came after money-manager State Street projected second-quarter profit well above analysts' forecasts, citing improving revenue trends. State Street, which isn't a Dow component, jumped 8.7%.
The guidance from State Street boosted investors' expectations for financial earnings in the upcoming reporting season. Still, Linda Duessel, equity-market strategist at Federated Investors, cautioned against reading too much into the State Street forecast.
"I don't know how much we can take from just one company," she said. "The earnings season truly is the next catalyst, and to me it's more about the outlook than what happened in the quarter that just ended. It's all about the next 12 months."
In the energy sector, Chevron rose 0.8% and Exxon Mobil added 0.8%, rallying on an increase in crude-oil futures above $73 a barrel.

The Dow Jones Industrial Average broke a seven-day losing streak July 6.

Among the technology gainers, Cisco Systems rose 2.4% and Hewlett-Packard climbed 2%.
Boosting the sector, global storage leader EMC said it agreed to acquire Greenplum, a privately held data-warehousing company that specializes in analyzing large amounts of information. EMC, not a Dow component, climbed 2.5%. The deal helped lift the technology-heavy Nasdaq Composite, which climbed 0.9% to 2112.
Wednesday's gains came despite concern overseas over disappointing German manufacturing data. German manufacturing orders unexpectedly fell 0.5% in May compared with the previous month as fewer big-ticket orders and a decline in demand for metals products weighed, government data showed Wednesday. Germany is considered one of Europe's strongest economies, and the drop in manufacturing orders prompted concerns over how economic struggles among its euro-zone counterparts might be impacting the country.
The dollar strengthened slightly against the euro, although the U.S. Dollar Index, which reflects the U.S. currency against a basket of six others, slipped 0.1%. Treasurys were lower, lifting the yield on the 10-year note up to 2.96%. Gold futures slipped.
Among stocks in focus, Family Dollar Stores dropped 7.9%. The dollar-store operator's fiscal third-quarter earnings increased 19% on higher sales and margins, but it also forecast a fourth-quarter profit range below analysts' expectations.
FTI Consulting tumbled 25% after the business-advisory firm predicted a surprise decline in second-quarter earnings and cut its full-year guidance.