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The major benchmarks swung sharply lower after first U.S. case of the omicron variant of COVID-19 was identified.

Tesla and Microsoft were two notable gainers, while semiconductor stocks also made a big move higher.

Dow sinks more than 300 points on worries about higher taxes By Anneken Tappe, CNN Business Published Apr 23, 2021 4:12:58 AM enablePagination: false (CNN) — US stocks tumbled Thursday over investors' worries about higher taxes. All three major indexes closed deep in the red. The Dow fell 0.9%, or 321 points. The broader S&P 500 and the Nasdaq Composite also fell 0.9%. It's not surprising that Wall Street doesn't like higher taxes, particularly when it comes to capital gains — the levy investors pay on realized profits after selling a stock, for example. The Biden administration wants to...

Getty Images Cruise line stocks have been sailing higher in 2021 on expectations the major lines will hit the open waters again this year. And they earned a boost earlier this month after the U.S. Centers for Disease Control and Prevention (CDC) issued much-anticipated reopening guidelines for travel ship operators. More recently, though, some of the wind has been taken out of cruise stocks' sails.  CDC guidelines have failed to provide a specific reopening date for cruise operators. Concerns that rising debt levels could negatively impact shareholder value are another hurdle. And cruise lin...