UBS's acquisition of Credit Suisse boosts Dow futures by over 100 points.

U.S. stock futures rose after the Swiss government engineered a forced takeover of Credit Suisse by UBS to stifle a crisis threatening the banking sector. The instability in the financial sector over the past two weeks raised the stakes for the Federal Reserve's interest rate decision on Wednesday. UBS agreed to buy Credit Suisse for $3.2 billion, with the combined bank to have $5 trillion in assets. Berkshire Hathaway's Warren Buffet has been in discussions with senior Biden administration officials regarding the crisis in the banking sector.