Denver, New York On Wall Street, investors breathed a sigh of relief at the start of trading after the emergency takeover of the ailing Credit Suisse. The Dow Jones index rose by a good 0.9 percent in the early hours of trading in New York and was at 32,132 points. The broader S&P 500 rose 0.4 percent to 3,930 points. The Nasdaq technology exchange index, on the other hand, fell by 0.3 percent to 11,599 points.
At the same time, the First Republic Bank share had to accept massive price losses again. The bank from San Francisco temporarily lost up to 45 percent in value. However, reports of a new bailout gave the paper a slight boost during the day. The CEOs of large US banks are said to be working on a new plan for the bank, as reported by the Wall Street Journal.
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