US stocks end higher but First Republic shares tumble again

The stock market rose on Monday after Swiss bank UBS agreed to a takeover of troubled rival Credit Suisse. The Federal Reserve and other major central banks unveiled a coordinated effort to improve banks' access to liquidity - with the special drive being launched on Monday. The Dow Jones Industrial Average jumped 1.2 percent to end at 32,244.58, while the broad-based S&P 500 Index rose 0.9 percent to 3,951.57.