[Breaking] New York Stock Market Closes Higher as Bank Risk Eases... Dow Up 1.2%

The major indices of the U.S. New York Stock Exchange closed higher on the 20th (local time) as concerns over banking sector risks eased somewhat following UBS's decision to acquire Credit Suisse (CS), while investors awaited this week's Federal Reserve (Fed) interest rate decision.

On this day, the Dow Jones Industrial Average rose 1.2% compared to the previous session. The S&P 500, centered on large-cap stocks, increased by 0.89%, and the tech-focused Nasdaq index closed up 0.39%.