Procter & Gamble

Stocks say 'nevermind'; reverse recent losses as banks jump

U.S. stocks are climbing Friday and regaining the previous day's losses. Banks are recovering from a sharp drop as Deutsche Bank tries to reassure investors about its financial health. Strong earnings from Costco are giving consumer stocks a lift and energy companies are also trading higher.

KEEPING SCORE: The Dow Jones industrial average jumped 200 points, or 1.1 percent, to 18,343 as of 2:30 p.m. Eastern time. It lost 195 points the previous day. The Standard & Poor's 500 index rebounded 22 points, or 1 percent, to 2,172. The Nasdaq composite rose 52 points, or 1 percent, to 5,321.

DEUTSCHE BANK: Banks made the largest gains Friday as investors hope Deutsche Bank...