Wall Street also continues to grapple with banking tumult domestically, after the collapse of Silicon Valley Bank and Signature Bank rocked markets.
&P closed down about 0.7%, while the Nasdaq eked out a slight gain for the day.
Credit Suisse stock ultimately closed about 24% lower. Switzerland's central bank said late Wednesday it was ready to provide financial support to Credit Suisse if necessary. Wall Street also continues to grapple with banking tumult domestically, after the collapse of Silicon Valley Bank and Signature Bank rocked markets last week and early this week. While stocks recouped some of their losses on Tuesday, investors remain wary of the banking fallout and what it means for the Federal Reserve's interest rate-hiking campaign going forward and the overall stability of the financial sector.
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