Connect with us

Business

What to watch today: Stocks to bounce after Biden capital gains concerns slammed Wall Street – CNBC

U.S. stock futures bounced a day after Wall Street sank on reports of a President Biden plan to hike capital gains rate on the rich.

Published

on

Article feature image
ADVERTISEMENT

BY THE NUMBERS
U.S. stock futures were mostly higher, one day after Wall Street skidded on reports that President Joe Biden plans to propose an increase in the capital gains tax rate to 39.6% for those earning $1 million or more, up from 20% currently. The Dow, S&P 500 and Nasdaq finished off their lows, declining about 1% each. The three stock benchmarks were tracking for weekly drops of more than 1%. (CNBC)
* Today’s biggest analyst calls of the day: Tesla, Schwab, Amazon, Microsoft (CNBC Pro)

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Elon Musk on Saturday Night Live, explained – The Verge
Article feature image
How Many Bitcoin Wallets Hold More Than $1 Million? – Bitcoin Magazine
Article feature image
Anti-Vaxxer Steals COVID Vaccine Vials in Bizarre Confrontation – TMZ