U.S. Futures rise after stocks bruised by Joe Biden’s tax plan – News 24-7 Live News 24-7 Live
U.S. Futures rise after stocks bruised by Joe Biden’s tax plan

U.S. Futures rise after stocks bruised by Joe Biden’s tax plan

Bloomberg: Futures rose Friday as investors digested a proposal for higher taxes to pay for President Joe Biden’s fiscal stimulus.

Contracts on both the S&P 500 Index and Nasdaq 100 posted modest gains, signaling the U.S. gauges may be poised to rebound from sharp declines on a Bloomberg News report Biden plans to nearly double the capital gains rate on the wealthy. Intel Corp., the biggest chipmaker, fell 2.6% in premarket trading following a slump in gross profit margin. The dollar dipped and Treasury yields steadied.

News Source: financialexpress

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