U.S. stocks rallied, pushing the Dow Jones Industrial Average up 127 points in the last hour, after Deutsche Bank AG said financial companies are overcoming credit losses and a drop in oil stoked a record gain in airlines.

The S&P 500 gained 17 points, or 1.4 percent, to 1,277 and has gained 5.1 percent from an almost three-year low on July 15. The Dow Jones Industrial Average added 135.16 points, or 1.2 percent, to 11,602.5. The Nasdaq Composite Index increased 24.43 points, or 1.1 percent, to 2,303.96.

(Bloomberg.com)