Niuniu beat the blackboard: the possibility of an increase in capital gains tax put growth stocks under selling pressure. On Thursday, the top five US stocks traded were technology stocks, followed by Tesla, Inc., Apple Inc, Amazon.Com Inc, Microsoft Corp and Facebook Inc, all of which closed down.
U. S. stocks closed lower on Thursday. U. S. stocks are under pressure on news that President Joe Biden is preparing to double the capital gains tax. The Republican Party of the United States has proposed an alternative to the Biden infrastructure plan, totaling only $568 billion. The market continues to focus on economic data and earnings.
The Dow fell 321.41 points, or 0.94%, to 33815.90; the Nasdaq fell 131.81 points, or 0.94%, to 13818.41; and the S & P 500 fell 38.44 points, or 0.92%, to 4134.98.
U. S. stocks fell sharply on Thursday afternoon on the news that Biden was preparing to raise taxes on the rich, with the Dow down more than 400 points at one point.
Biden is reportedly preparing to impose a capital gains tax of up to 43.4% on the rich. Biden proposed raising the capital gains tax rate for those earning more than $1 million a year to 39.6% from the current 20%, according to people familiar with the matter.
The possibility of higher capital gains tax put growth stocks under selling pressure, resulting in Tesla, Inc. and the technology stocks five giants FAANG (Facebook Inc, Amazon.Com Inc, Apple Inc, Netflix, Alphabet Inc-CL C) generally lower.
The top five US stocks traded on Thursday were all technology stocks, followed by Tesla, Inc., Apple Inc, Amazon.Com Inc, Microsoft Corp and Facebook Inc, all of which closed down.
NIO Inc., who ranked sixth in turnover, closed 1.7% higher, with a turnover of US $4.55 billion.
Coinbase, No. 8 in turnover, closed down 5.9%, with a turnover of US $4.42 billion. The newly listed virtual currency trading house has closed down for four consecutive trading days. Mizuho gave Coinbase a "neutral" rating with a target price of $285.
At & T ranked 10th in turnover, with the stock closing 4.2% higher at a turnover of $3.39 billion. The company's first-quarter net profit surged 63.8% year-on-year, far exceeding market expectations.
Turnover fell at No. 11 to No. 20, including BABA, No. 16.
The following are the 20 most actively traded stocks of the day (by turnover):
Edit / emily