Frankfort, New York US investors have initially put worries about the banking system behind them after the emergency takeover of the Swiss company Credit Suisse. The Dow Jones index of standard values closed one percent higher on Tuesday at 32,560 points. The tech-heavy Nasdaq advanced 1.6 percent to 11,860 points. The broad S&P 500 gained 1.3 percent to 4002 points.
The combination of the rescue of Credit Suisse, support measures by the central banks and the prospect of a slower rate of interest rate hikes by the US Federal Reserve lured investors back to the markets, said Timo Emden from the analysis house Emden Research. “In view of the recent price setbacks, bargain hunters in particular could go on the prowl.”
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