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.