U.S. Stocks Fall Sharply On Reports Of Higher Capital Gains Taxes
WASHINGTON (dpa-AFX) - After turning in a lackluster performance for much of the morning, stocks came under pressure in afternoon trading on Thursday. The major averages all pulled back sharply, offsetting the strong gains posted in the previous session.
The major averages climbed off their worst levels but still closed firmly in negative territory. The Dow tumbled 321.41 points or 0.9 percent to 33,815.90, the Nasdaq slumped 131.81 points or 0.9 percent to 13,818.41 and the S&P 500 slid 38.44 points or 0.9 percent to 4,134.98.
The afternoon sell-off came following reports President Joe Biden plans to propose nearly doubling the capital gains tax rate for wealthy individuals to fund spending on child care and education.
WASHINGTON (dpa-AFX) - Stocks have moved mostly higher over the course of the trading day on Wednesday, partly offsetting the pullback seen over the two previous sessions. The major averages have
TSMC shares dip below NT$600, sending Taiex lower
04/21/2021 11:48 AM
CNA file photo
Taipei, April 21 (CNA) Shares in contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) fell below the NT$600.00 (US$21.43) mark Wednesday morning as investors took their cue from a plunge in tech stocks on U.S. markets overnight, dealers said.
As the most heavily weighted stock on the local market, TSMC s losses sent ripples through the broader market amid fears that recent solid gains on the local equity market could suffer a major technical pullback, they said.
As of 11:42 a.m., TSMC shares had lost 1.33 percent at NT$595.00 with 19.50 million shares changing hands on the Taiwan Stock Exchange, where the benchmark weighted index, the Taiex, was down 0.46 percent at 17,244.14 points.
Taiwan shares come under pressure, led by tech stocks focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
U.S. Stocks Show Strong Move Back To The Upside
WASHINGTON (dpa-AFX) - Following the pullback seen over the two previous sessions, stocks showed a strong move back to the upside during trading on Wednesday. The major averages saw initial weakness but climbed firmly into positive territory as the day progressed.
The major averages saw further upside going into the close, ending the session near their best levels of the day. The Dow jumped 316.01 points or 0.9 percent to 34,137.31, the Nasdaq surged up 163.95 points or 1.2 percent to 13,950.22 and the S&P 500 advanced 38.48 points or 0.9 percent to 4,173.42.
The rebound on Wall Street came after the pullback seen over the two previous sessions dragged the Dow and the S&P 500 well off last Friday s record highs.