Breaking News
Investing Pro 0
👀 Bezos, Buffett & Berkowitz: What's in Their Portfolios? Unlock Data

Dow futures rise as UBS bails out Credit Suisse

Published Mar 19, 2023 06:50PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
CSGN
0.97%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ESM3
+1.29%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
1YMM3
+0.97%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NQM3
+2.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
UBSG
+1.39%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
+1.30%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Sunday's evening deals as investors monitored increased pressure on the financial sector following reports that embattled bank Credit Suisse (SIX:CSGN) has been bought out by UBS Group AG (SIX:UBSG) for $3 billion Swiss francs (US$4.8 billion) in a government-backed deal.

By 18:35 ET (22:35 GMT) Dow Jones futures were up 0.2%, while S&P 500 futures and Nasdaq 100 futures gained 0.2% apiece.

Ahead in the week, market participants will be closely monitoring the Fed's interest rate decision amid expectations of a 25 basis point hike. Meanwhile, new and existing home sales, building permits, durable goods orders, manufacturing and services PMIs, as well as a speech from FOMC member Bullard.

During Friday's trade, the Dow Jones Industrial Average fell 384.6 points or 1.2% to 31,862, the S&P 500 lost 43.6 points or 1.1% to 3,916.6, and the Nasdaq Composite fell 86.8 points or 0.7% to 11,630.5. For the week, the Dow added 0.1%, the S&P 500 added 2.1%, and the Nasdaq gained 5.3%.

On the bond markets, United States 10-Year rates were at 3.436%.

 
Dow futures rise as UBS bails out Credit Suisse
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (10)
Derick Lim
Derick Lim Mar 19, 2023 11:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Is bailing out a good news?... nothing seems to be bad news nowadays....... inflation and recession are replaced by threat of greedy banks collapsing that cause financial instability but the US market liquidity seems to be strong......
Himanshu Yadav
Himanshu Yadav Mar 19, 2023 11:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Swiss finance minister has clarified UBS buying Credit Suisse is not bail out.
JIM VETTER
JIM VETTER Mar 19, 2023 11:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
$108 billion in liquidity from Swiss central bank isn't a bailout? Why? Because the finance minister said so? Yeah, just like Biden said the taxpayer wouldn't pay a dime in the government covering SVB depositors.
Xiry Luca
Xiry Luca Mar 19, 2023 11:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Where the hell money come from? Grown on tree hahaa
Jason Patcher
Jason Patcher Mar 19, 2023 9:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
just don't call it a rally tomorrow
RAJ PANDEY
RAJ PANDEY Mar 19, 2023 9:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Fed will now bow down. It will go for another 0.5 percent hike on 22 March
Keith Franke
Keith Franke Mar 19, 2023 9:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this is going to make 2008 seem like a walk in the park....
James King
James King Mar 19, 2023 8:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who is going to bail out UBS?
John Healy
John Healy Mar 19, 2023 8:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The IMF.
Xiry Luca
Xiry Luca Mar 19, 2023 8:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
John Healy who going bailout IMF ?
JIM VETTER
JIM VETTER Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This week Powell will cave, more fiat money will be infused into the economy and instead of rates being higher for longer, it'll be inflation. Powell, and the Fed, will lose what little credibility he/it has. Wall St. will never listen to Powell again. He should be gone.
Jeff Chevalier
Jeff Chevalier Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So, you're trying fire a guy for something that hasn't happened yet? Your life must be depressing...
JIM VETTER
JIM VETTER Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jeff. you're right.. he's done a wonderful job to this point. 🤡
Jeff Chevalier
Jeff Chevalier Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Maybe Trump should have appointed someone else when he was draining the swamp?
Elvis Durant
Elvis Durant Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Trump at 0% rates back then???? Ha! we woulda be in heaven right now 🤦🏽🤦🏽😫😫🤣🤣🤣
Art Carrano
Art Carrano Mar 19, 2023 8:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Maybe Biden shouldn't have renominated him?
Vijay Jaiswal
Vijay Jaiswal Mar 19, 2023 7:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all drama going on...
Casador Del Oso
Casador Del Oso Mar 19, 2023 6:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Contagion contained. Now the FED can get back to fighting inflation with higher interest rates ( for longer).
Stan Smith
Stan Smith Mar 19, 2023 6:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who would have ever guessed bail outs are a key driver of stocks ...upwards
Keith Franke
Keith Franke Mar 19, 2023 6:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
correct.. Wall Street and government corrupt
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email