U.S. stocks close down on news of Biden tax proposal
By Herbert Lash
Reuters
NEW YORK (Reuters) -U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech s earnings next week.
The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress. If it had a chance of passing, we d be down 2,000 points, said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.
Biden to propose hike in capital gains taxes to pay for more child care: sources
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Biden to propose hike in capital gains taxes to pay for more child care
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Dow Jones Industrial Average : U S stock sink on reports of Biden tax proposals
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.