Closing Bell: Deutsche Bank Jumps on Bonus Cuts; U.S. Stocks Rally

Wall Street ended the week with a bang, rocketing to session highs on the back of another crude oil surge on Friday. Stocks closed out their fourth straight week of gains with the S&P 500 regaining a level above 2,000 and the Nasdaq pulling out of a correction. Crude closed at its best settlement since December after the number of active U.S. oil rigs fell to its lowest level on record. The number of drilling rigs fell to 480, a level not seen in more than 75 years. Deutsche Bank (DB) jumped after reducing its overall bonus pool by 17% last year. Intel (INTC) is reportedly considering the sale of part of its venture capital portfolio. The tech company is working with UBS to seek potential buyers for the $1 billion unit, according to reports. TheStreet's Keris Lahiff has details from Wall Street.