U.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as authorities scrambled to head off a deeper loss of confidence in the global banking system. Rival bank UBS Group UBS, -5.50% agreed to buy Credit Suisse CS, -6.94% CSGN, -8.01% for more than $3 billion in a deal shepherded by Swiss regulators.
dollars remained readily accessible throughout the global financial system in response. Futures on the Dow Jones Industrial Average YM00, +0.11% rose 50 points, or 0.2%, while futures on the S&P 500 ES00, +0.15% and Nasdaq-100 NQ00, +0.16% were up 0.2%. U.S. stocks ended lower Friday amid persisting banking sector fears, with the Dow DJIA, -1.19% booking back-to-back weekly losses. The S&P 500 SPX, -1.10% rose 1.4% last week, while the technology-heavy Nasdaq Composite COMP, -0.
Thanks Yellen, keep on pumping that money in….and consolidating the banks on the backs of taxpayers guaranteeing their bad behavior.
Until the next “rescue.” CS was a mess before this, but they are not the last bank with serious issues