S&P 500 gives up gain and declines in sudden move on Biden capital gains tax report
https://www.cnbc.com/2021/04/21/stock-market-futures-open-to-close-news.html
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/stock-market-futures-open-to-close-news.html