U.S. stock markets fall on report of Biden's capital gains tax

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U.S. stock markets fall on report of Biden's capital gains tax

The markets turned sharply lower Thursday afternoon after a report that the Biden administration is consideringThe Dow Jones Industrial Average declined 321 points or 0.94%, while the NasdaAccording to Bloomberg, Biden is considering raising the maximum capital gains tax rate for individuals earning overThe increase would help fund Biden's American Families Plan, the details of whichIn economic data, initial claims for jobless claim fell to a coronavirus-Additionally, existing home sales slid to a seven-month low as record prices andAlso in the trade on Thursday was the virtual conference with 40 world leaders, including Chinese President BiAutomakers were among the groups in focus as Biden gets set to unveil his climate actions Looking at the earnings, AT&T posted a quarterly profit of $7.5 billion, orMeanwhile, Archegos Capital Management said it could raise approximately $2 billion through the sale of newThe bank expects an additional 600 million Swiss franc charge in the current quarter.The loss of American Airlines Group Inc. in the three months through March narrowed to $2During the current three months period, the airline sees signs of demand recovering.Rival Southwest Airlines Co. earned $116 million last quarter, boosted by $1 billion inThe company forecasts that its cash burn in April will slow to between $2 million and $4 millionHomebuilder D.R.For a year ago, the quarterly profits of Horton Inc. almost doubled due toWhirlpool, as appliance manufacturer is raising its full-year expectations for housing, increasedWest Texas Intermediate crude oil has decreased by 8 cents to $61.43 per barrel and goldWhat is the best way to achieve a "man" rating for you?The European markets rallied across the board with the FTSE 100 up 0.62%,Hong Kong Composite Index slipped 0.23% in Asia while the Hang Seng Index and the

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