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By Lewis Krauskopf NEW YORK (Reuters) - 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. Deutsche Bank's U.S.-listed shares jumped 14 percent a day after sinking to a record low. French news agency AFP reported that Deutsche Bank was nearing a $5.4 billion settlement with U.S. officials over charges related to selling toxic mortgage bonds.
By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal to reduce a massive U.S. settlement over charges related to selling toxic mortgage bonds. The S&P 500 booked a 3.3 percent gains, while the Dow Jones Industrial average rose 2.1 percent and the Nasdaq gained 9.7 percent. "We are very much being driven by headline risks at Deutsche Bank," said Gennadiy Goldberg, interest rates strategist at TD Securities in New York.