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How this affect shareholders?

U.S. stocks drop on news of Biden tax proposals

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Comments

Money Sprout
2021-04-23
Money Sprout
Any long term gain would Have to be taxed 40% instead! Hedge funds and big Players would choose to sell instead before the change in tax
- Desmond669:
  DOEs it affect small shareHolders Like us? If we sell, They will take 40% off?? ?
- Money SproutReplyDesmond669:
  Yeap it definitely does, Well it can only be clarified by the real proposal anyways
10to100
2021-04-23
10to100
Market doesn’t like uncertainty
- Desmond669:
  True
JoeK
2021-04-23
JoeK
tax is a certainty

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Both shares fell.</p><p>Investors welcomed data showing the number of Americans filing new claims for unemployment benefits last week dropped to a fresh <a href=\"https://laohu8.com/S/AONE\">one</a>-year low. The Labor Department report suggested layoffs were subsiding and expectations were rising for another month of blockbuster job growth in April.</p><p>The speedy U.S. vaccination rollout has improved the economic outlook as people plan summer vacations and leisure spending, but a surge in COVID-19 cases in India and elsewhere in Asia has kept investors anxious, Hayes said.</p><p>Equities have likely reached a near-term top as expectations are too high, said Randy Frederick, vice president of trading and derivatives at Charles Schwab.</p><p>\"There's going to be continued positive moves throughout the remainder of the year but we are due for some sort of a pullback in the very short term,\" he said. \"Then the dip buyers will step back in.\"</p><p>First-quarter earnings are expected to increase 31.9% from a year ago, the highest rate since the fourth quarter, according to IBES Refinitiv data.</p><p>All 11 S&amp;P 500 sectors closed lower as Microsoft, Apple Inc , Amazon.com Inc and Tesla Inc weighted the most on the downdraft.</p><p>The Dow Jones Industrial Average fell 0.94% to 33,815.9, the S&amp;P 500 lost 0.92% at 4,134.98, and the Nasdaq Composite dropped 0.94% to 13,818.41.</p><p>Volume on U.S. exchanges was 10.35 billion shares, compared with the 10.32 billion full-session average over the last 20 trading days.</p><p>Chipmaker Intel Corp forecast second-quarter revenue above Wall Street targets, betting its next generation of processors for data centers and PCs will meet growing demand for cloud-based services. Shares slipped about 1% in after-hours trade.</p><p>AT&amp;T Inc beat Wall Street revenue targets as the U.S. economic reopening following pandemic-linked restrictions boosted smartphone sales and the media business. AT&amp;T shares rose 4.2%.</p><p>Biogen Inc beat quarterly profit estimates on stronger-than-expected sales for its muscle wasting disorder drug, though concerns over its reliance on its yet-to-be approved Alzheimer's therapy, aducanumab, weighed on shares. Biogen shares fell 4.0%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.57-to-1 ratio; on Nasdaq, a 1.04-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 84 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 20 new lows. (Reporting by Herbert Lash, additional reporting by Lewis Krauskopf in New York, Shivani Kumaresan and Shreyashi Sanyal in Bengaluru; Editing by Anil D'Silva and Richard Chang)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks drop on news of Biden tax proposals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks drop on news of Biden tax proposals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-23 04:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>AT&amp;T rises on strong quarterly results</li><li>U.S. weekly jobless claims decline further</li><li>Indexes down: Dow 0.94%, S&amp;P 500 0.92%, Nasdaq 0.94%</li></ul><p>By Herbert Lash</p><p>NEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech's earnings next week.</p><p>The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress.</p><p>\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.</p><p>Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago, said when a proposal is floated about raising taxes or capital gains, everybody gets excited, sells first and asks questions later.</p><p>\"It is more of a short-term, knee-jerk reaction,\" he said.</p><p>Biden will propose raising the marginal income tax rate to 39.6% from 37% and nearly double capital gains taxes to 39.6% for people earning more than $1 million, sources told Reuters.</p><p>The proposal targets about $1 trillion for child care, universal pre-kindergarten education and paid leave for workers, the sources said.</p><p>Markets have been listless after the Dow    and S&amp;P 500&nbsp;scaled all-time peaks last week as investors await guidance from Microsoft Corp   , Google parent Alphabet Inc    and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc    when they report earnings next week.</p><p>\"Until we get out of this information vacuum the market is going to be generally directionless,\" he said. \"All that really matters moving forward is what are those big tech earnings next week?\"</p><p>During the session, the S&amp;P 500 healthcare sector hit a fresh record high while industrials were the biggest gainers.</p><p>American Airlines Group Inc and Southwest Airlines Co    reported smaller-than-expected quarterly losses, signaling a revival in travel demand. Both shares fell.</p><p>Investors welcomed data showing the number of Americans filing new claims for unemployment benefits last week dropped to a fresh <a href=\"https://laohu8.com/S/AONE\">one</a>-year low. The Labor Department report suggested layoffs were subsiding and expectations were rising for another month of blockbuster job growth in April.</p><p>The speedy U.S. vaccination rollout has improved the economic outlook as people plan summer vacations and leisure spending, but a surge in COVID-19 cases in India and elsewhere in Asia has kept investors anxious, Hayes said.</p><p>Equities have likely reached a near-term top as expectations are too high, said Randy Frederick, vice president of trading and derivatives at Charles Schwab.</p><p>\"There's going to be continued positive moves throughout the remainder of the year but we are due for some sort of a pullback in the very short term,\" he said. \"Then the dip buyers will step back in.\"</p><p>First-quarter earnings are expected to increase 31.9% from a year ago, the highest rate since the fourth quarter, according to IBES Refinitiv data.</p><p>All 11 S&amp;P 500 sectors closed lower as Microsoft, Apple Inc , Amazon.com Inc and Tesla Inc weighted the most on the downdraft.</p><p>The Dow Jones Industrial Average fell 0.94% to 33,815.9, the S&amp;P 500 lost 0.92% at 4,134.98, and the Nasdaq Composite dropped 0.94% to 13,818.41.</p><p>Volume on U.S. exchanges was 10.35 billion shares, compared with the 10.32 billion full-session average over the last 20 trading days.</p><p>Chipmaker Intel Corp forecast second-quarter revenue above Wall Street targets, betting its next generation of processors for data centers and PCs will meet growing demand for cloud-based services. Shares slipped about 1% in after-hours trade.</p><p>AT&amp;T Inc beat Wall Street revenue targets as the U.S. economic reopening following pandemic-linked restrictions boosted smartphone sales and the media business. AT&amp;T shares rose 4.2%.</p><p>Biogen Inc beat quarterly profit estimates on stronger-than-expected sales for its muscle wasting disorder drug, though concerns over its reliance on its yet-to-be approved Alzheimer's therapy, aducanumab, weighed on shares. Biogen shares fell 4.0%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.57-to-1 ratio; on Nasdaq, a 1.04-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 84 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 20 new lows. (Reporting by Herbert Lash, additional reporting by Lewis Krauskopf in New York, Shivani Kumaresan and Shreyashi Sanyal in Bengaluru; Editing by Anil D'Silva and Richard Chang)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","QID":"纳指两倍做空ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","LABP":"Landos Biopharma, Inc.","LHDX":"Lucira Health, Inc.","DJX":"1/100道琼斯","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","T":"美国电话电报","SQQQ":"纳指三倍做空ETF","APR":"Apria, Inc.","QLD":"纳指两倍做多ETF","DXD":"道指两倍做空ETF","PSQ":"纳指反向ETF","SDS":"两倍做空标普500ETF","AMZN":"亚马逊","09086":"华夏纳指-U","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","MSFT":"微软","TQQQ":"纳指三倍做多ETF","SCHW":"嘉信理财",".DJI":"道琼斯","TSLA":"特斯拉","QQQ":"纳指100ETF","BIIB":"渤健公司","SANA":"Sana Biotechnology, Inc.","03086":"华夏纳指",".IXIC":"NASDAQ Composite","DOG":"道指反向ETF","CGEM":"Cullinan Therapeutics",".SPX":"S&P 500 Index","OEX":"标普100","LUV":"西南航空","AAL":"美国航空","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","AAPL":"苹果","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129336573","content_text":"AT&T rises on strong quarterly resultsU.S. weekly jobless claims decline furtherIndexes down: Dow 0.94%, S&P 500 0.92%, Nasdaq 0.94%By Herbert LashNEW YORK, April 22 (Reuters) - U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech's earnings next week.The three main indexes on Wall Street also fell on reports that Biden planned to raise income taxes on the wealthy, a proposal some said would be hard to pass in Congress.\"If it had a chance of passing, we'd be down 2,000 points,\" said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago, said when a proposal is floated about raising taxes or capital gains, everybody gets excited, sells first and asks questions later.\"It is more of a short-term, knee-jerk reaction,\" he said.Biden will propose raising the marginal income tax rate to 39.6% from 37% and nearly double capital gains taxes to 39.6% for people earning more than $1 million, sources told Reuters.The proposal targets about $1 trillion for child care, universal pre-kindergarten education and paid leave for workers, the sources said.Markets have been listless after the Dow    and S&P 500 scaled all-time peaks last week as investors await guidance from Microsoft Corp   , Google parent Alphabet Inc    and Facebook Inc    when they report earnings next week.\"Until we get out of this information vacuum the market is going to be generally directionless,\" he said. \"All that really matters moving forward is what are those big tech earnings next week?\"During the session, the S&P 500 healthcare sector hit a fresh record high while industrials were the biggest gainers.American Airlines Group Inc and Southwest Airlines Co    reported smaller-than-expected quarterly losses, signaling a revival in travel demand. Both shares fell.Investors welcomed data showing the number of Americans filing new claims for unemployment benefits last week dropped to a fresh one-year low. The Labor Department report suggested layoffs were subsiding and expectations were rising for another month of blockbuster job growth in April.The speedy U.S. vaccination rollout has improved the economic outlook as people plan summer vacations and leisure spending, but a surge in COVID-19 cases in India and elsewhere in Asia has kept investors anxious, Hayes said.Equities have likely reached a near-term top as expectations are too high, said Randy Frederick, vice president of trading and derivatives at Charles Schwab.\"There's going to be continued positive moves throughout the remainder of the year but we are due for some sort of a pullback in the very short term,\" he said. \"Then the dip buyers will step back in.\"First-quarter earnings are expected to increase 31.9% from a year ago, the highest rate since the fourth quarter, according to IBES Refinitiv data.All 11 S&P 500 sectors closed lower as Microsoft, Apple Inc , Amazon.com Inc and Tesla Inc weighted the most on the downdraft.The Dow Jones Industrial Average fell 0.94% to 33,815.9, the S&P 500 lost 0.92% at 4,134.98, and the Nasdaq Composite dropped 0.94% to 13,818.41.Volume on U.S. exchanges was 10.35 billion shares, compared with the 10.32 billion full-session average over the last 20 trading days.Chipmaker Intel Corp forecast second-quarter revenue above Wall Street targets, betting its next generation of processors for data centers and PCs will meet growing demand for cloud-based services. Shares slipped about 1% in after-hours trade.AT&T Inc beat Wall Street revenue targets as the U.S. economic reopening following pandemic-linked restrictions boosted smartphone sales and the media business. AT&T shares rose 4.2%.Biogen Inc beat quarterly profit estimates on stronger-than-expected sales for its muscle wasting disorder drug, though concerns over its reliance on its yet-to-be approved Alzheimer's therapy, aducanumab, weighed on shares. Biogen shares fell 4.0%.Declining issues outnumbered advancing ones on the NYSE by a 1.57-to-1 ratio; on Nasdaq, a 1.04-to-1 ratio favored decliners.The S&P 500 posted 84 new 52-week highs and no new lows; the Nasdaq Composite recorded 86 new highs and 20 new lows. (Reporting by Herbert Lash, additional reporting by Lewis Krauskopf in New York, Shivani Kumaresan and Shreyashi Sanyal in Bengaluru; Editing by Anil D'Silva and Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":239,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":26,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4110107,"commentId":"4110107","gmtCreate":1619147638983,"gmtModify":1680785226266,"authorId":3567511757211423,"author":{"id":3567511757211423,"idStr":"3567511757211423","authorId":3567511757211423,"name":"Money Sprout","avatar":"https://community-static.tradeup.com/news/a90f46b85a1738ed3c9b09de55cb7371","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-5","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 5%","bigImgUrl":"https://community-static.tradeup.com/news/28b025635697d2f8cba3e94ec9f33231","smallImgUrl":"https://community-static.tradeup.com/news/b9d0f04877ffafa61d3f0d06efb58d87","grayImgUrl":"https://community-static.tradeup.com/news/0b3045db9a2ba37916c82e771c62bd6c","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376707739,"objectIdStr":"376707739","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Any long term gain would Have to be taxed 40% instead! Hedge funds and big Players would choose to sell instead before the change in tax ","text":"Any long term gain would Have to be taxed 40% instead! Hedge funds and big Players would choose to sell instead before the change in tax ","html":"Any long term gain would Have to be taxed 40% instead! Hedge funds and big Players would choose to sell instead before the change in tax ","likeSize":0,"commentSize":2,"subComments":[{"id":4110250,"commentId":"4110250","gmtCreate":1619148662903,"gmtModify":1680785230008,"authorId":3562118563279867,"author":{"id":3562118563279867,"idStr":"3562118563279867","authorId":3562118563279867,"name":"Desmond669","avatar":"https://static.tigerbbs.com/e2484115c94d3471cb46f20ea7598b4a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":376707739,"objectIdStr":"376707739","type":1,"supId":4110107,"supIdStr":"4110107","prevId":0,"prevIdStr":"0","content":"DOEs it affect small shareHolders Like us? If we sell, They will take 40% off?? ?","text":"DOEs it affect small shareHolders Like us? If we sell, They will take 40% off?? ?","html":"DOEs it affect small shareHolders Like us? If we sell, They will take 40% off?? ?"},{"id":4110450,"commentId":"4110450","gmtCreate":1619150097082,"gmtModify":1680785228162,"authorId":3567511757211423,"author":{"id":3567511757211423,"idStr":"3567511757211423","authorId":3567511757211423,"name":"Money Sprout","avatar":"https://community-static.tradeup.com/news/a90f46b85a1738ed3c9b09de55cb7371","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-5","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 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