US STOCKS-Financials, surging commodities lift Wall Street

* Financials, commodity stocks boost broader market

* Data adds to recovery hopes, offsetting May sales

* Dow up 0.9 pct; S&P 500 up 1.2 pct; Nasdaq up 1.3 pct

* For up-to-the-minute market news click [STXNEWS/US] (Adds volume)

By Ellis Mnyandu

NEW YORK, June 4 (Reuters) - U.S. stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.

RBC Capital Markets upgraded the banking sector, saying it is poised for a multiyear bull market. For details, see [ID:nBNG426422]. The KBW bank index .BKX added 4.8 percent.

Crude oil prices surged and underpinned the broader market after Goldman Sachs raised its year-end oil price forecast to $85 a barrel, saying economic stabilization and tight supplies should bode well for prices. [ID:nL4422610]

U.S. crude CLc1 settled up 4 percent at $68.81 a barrel on the New York Mercantile Exchange.