Wall St climbs to 10-week high on energy

(Reuters) - U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.

Strong results in Europe from BNP Paribas SA (BNPP.PA) and HSBC Plc (HSBA.L)(HBC.N) added to the upbeat tone and lifted U.S. bank stocks. JPMorgan Chase & Co (JPM.N) rose 3.4 percent to $41.64 and the KBW Bank index .BKX gained 3.2 percent.

The falling greenback set off a 3 percent jump in crude prices, which, coupled with BP's (BP.L)(BP.N) attempt to permanently cap its Macondo well in the Gulf of Mexico, sent energy shares soaring.

Macondo-linked companies rallied, with Transocean Ltd (RIGN.VX)(RIG.N) up 9.6 percent to $50.68. The Philadelphia exchange oil services sector index .OSX climbed 4.5 percent. (more)