U.S. stock exchanges closed lower due to a possible increase in U.S. taxes
U.S. stock indices ended Thursday with a decline. According to Dow Jones and NASDAQ declined 0.94% each, S&P 500 - 0.92 By 0.92%. The negative dynamics was contributed by the news about the United States President Joe Biden of raising the tax on the wealthy. According to Bloomberg News, Biden's plan is to increase the tax on capital gains tax for the latter almost doubled. It is now at 20 percent, but a raise to 39.6 percent is being considered. This news led to declines in all 11 sectors of the S&P 500. The largest decline was recorded in the technology industry - Securities of Twitter and a number of other companies fell by more than 4%. The deteriorating situation with the coronavirus in the world also acts as a restraining factor. Despite the optimism that prevailed in the market, players are beginning to worry about an increase in the number of diseases in different countries, which could negatively affect the recovery economy.