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