MTS Help Center

Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.

The S&P financial sector gained 1.4 percent, its best day in about two months.

Deutsche Bank's U.S.-listed shares jumped 14 percent a day after sinking to a record low.

The Dow Jones industrial average rose 164.7 points, or 0.91 percent, to 18,308.15, the S&P 500 gained 17.14 points, or 0.8 percent, to 2,168.27 and the Nasdaq Composite added 42.85 points, or 0.81 percent, to 5,312.00.

Asian stocks rose as concern about Deutsche Bank AG’s financial health eased after the lender was reported to be lining up a less-costly settlement with U.S. regulators than investors feared. The dollar strengthened versus most peers and oil fell from a six-week high.

The MSCI Asia Pacific Index rose 0.3 percent as of 9:20 a.m. Tokyo time, after falling 1.1 percent in the last session. Financial shares accounted for about a third of the move, buoyed by Deutsche Bank’s 6.4 percent surge in Germany on Friday.