Wall Street rallied on Monday, as investors heaved a tentative sigh of relief that the banking crisis could be contained by a historic emergency rescue of financial heavyweight Credit Suisse over the weekend.The Industrial Average rose 383 points, or 1.2 percent, to 32,245 at the closing bell, following wild swings last week over concerns about the stability of the banking system.On Sunday, the most dramatic state intervention since the 2008 global financial crisis helped soothe those fears, with UBS buying Credit Suisse for $3.2 billion in a takeover backstopped by the world's top central banks.
Load More
Load More