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Stock market nears record highs, recovery in sight

Stock market: S&P 500 gained 0.3 percent as traders weighed earnings against inflationary risks. Anthem Inc., as well as Verizon Communications Inc., rose following better-than-expected results. Novavax Inc. plunged after a further delay in vaccine production, while Netflix Inc. fell after disappointing outlooks. Tesla Inc. will report results after the close. S&P
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Credit Suisse names a new Chief Risk Officer

David Wildermuth has been appointed as Credit Suisse new chief risk officer. The Goldman Sachs alumnus will also join the executive committee, the two-veiled bank announced Tuesday. According to Gottstein, Wildermuth’s appointment reflects the bank’s commitment to risk management in light of his 34 years in financial services. A half-year earnings call for the