|Day's range||37.53 - 40.00|
Wall Street largely sees positive signs while digesting the historic deal.
Investors have been nervous about the brewing crisis in the banking sector in recent days, and with several bank stocks included in the Dow Jones Industrial Average (DJINDICES: ^DJI), it's no surprise that the venerable market benchmark has seen substantial declines in the past couple of weeks. It also wasn't surprising to see Wall Street bank stock giant Goldman Sachs (NYSE: GS) playing a pivotal role in lifting the Dow, given its high share price and the price-weighted nature of how the Dow gets calculated.
(Bloomberg) -- The extent of the economic fallout from the banking crisis isn’t yet clear, but the turmoil will prompt regulators to take another look at rules governing the industry, according to Goldman Sachs Group Inc.’s Beth Hammack. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear