April 22, 2021

April 22, 2021

U.S stocks closed down today after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich.

 

Dow Jones finished -321 at 33,815

S&P 500 finished -38 at 4,134

NASDAQ finished -132 at 13,818

 

The 10 Year Treasury closed down 2 basis points yielding 1.54%

Oil prices closed up $0.28 ending at $61.63 a barrel.

Gold prices closed down $9.30 ending at $1,783 an ounce.

 

In the days’ stock news:

 

  • Southwest Airlines closed down 1.6% even after the airline said that it’s seeing improved leisure travel bookings into the summer months.
  • AT&T closed up more than 4% after a stronger-than-expected first-quarter report. AT&T earned an adjusted 86 cents per share on $43.94 billion in revenue. CEO John Stankey also expressed optimism about HBO Max, the company’s streaming service.

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