Denver, New York After the emergency takeover of the ailing Credit Suisse, investors on Wall Street breathed a sigh of relief at the start of the week. The Dow Jones index of standard values closed 1.2 percent higher on Monday at 32,244 points. The tech-heavy Nasdaq advanced 0.4 percent to 11,675 points. The broad S&P 500 gained 0.9 percent to 3951 points.
“There’s more good news than bad news on the banking front,” said Art Hogan, strategist at wealth manager B Riley Wealth. “First and foremost, the Credit Suisse-UBS merger certainly takes a lot of the stress out of the global banking system, and Signature Bank, which found a prospect over the weekend, was also something investors are feeling at least more confident about.”
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