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US STOCKS-U.S. stocks close down on news of Biden tax proposal


U.S. weekly jobless claims decline further
Indexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94% (Adds prices after 4 p.m. market close)
NEW YORK, April 22 (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. ....

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