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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.



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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)

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