By Anneken Tappe, CNN Business
CNN
April 22, 2021
New York (CNN Business)US stocks tumbled Thursday over investors’ worries about higher taxes.
All three major indexes closed deep in the red. The Dow (INDU) fell 0.9%, or 321 points. The broader S&P 500 (SPX) and the Nasdaq Composite (COMP) also fell 0.9%.
It’s not surprising that Wall Street doesn’t like higher taxes, particularly when it comes to capital gains — the levy investors pay on realized profits after selling a stock, for example.