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Thread: S&P 500 gives up gain on Biden capital gains tax report

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    Default S&P 500 gives up gain on Biden capital gains tax report

    S&P 500 gives up gain and declines in sudden move on Biden capital gains tax report

    U.S stocks fell to session lows in a swift fashion on Thursday after a report that President Joe Biden is slated to propose capital gains taxes for the rich.

    The S&P 500erased earlier gains and fell 0.5%. The Dow Jones Industrial Average dipped 230 points to its low of the day, while the Nasdaq Composite traded 0.3% lower.

    Bloomberg News reported Thursday afternoon that Biden is planning a capital gains tax hike to as high as 43.4%.
    https://www.cnbc.com/2021/04/21/stoc...lose-news.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

    Default Re: S&P 500 gives up gain on Biden capital gains tax report

    Not exactly a shock. The market just chose to ignore this for as long as it could.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  5. #3

    Default Re: S&P 500 gives up gain on Biden capital gains tax report

    Bless his little black heart
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  7. #4

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    Default Re: S&P 500 gives up gain on Biden capital gains tax report

    Amazing that talk of this would even move markets since everyone knows it's been coming. Been one hell of a first 100 days. The steam roller has just started.

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S&P 500 gives up gain on Biden capital gains tax report
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S&P 500 gives up gain on Biden capital gains tax report
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S&P 500 gives up gain on Biden capital gains tax report
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S&P 500 gives up gain on Biden capital gains tax report
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