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Stock Market Takes a Dip as Higher Capital Gains Taxes Proposed, Vextrader Reassures Investors

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Stock Market Takes a Dip as Higher Capital Gains Taxes Proposed, Vextrader Reassures Investors

April 28
11:57 2021

On Thursday, the U.S stocks shifted lower in a speedy manner after reports of proposing much higher capital gains taxes for the rich came in.

The Dow Jones Industrial Average fell 321.41 points, or 1%, to 33,815.90. At its low of the day, the blue-chip benchmark dropped 420 points. The S&P 500 obliterated earlier gains and settled 0.9% lower at 4,134.98, while the Nasdaq Composite slipped 0.9% to 13,818.41. 

Growth stocks, which could come under selling influence on higher capital gains taxes, led the intraday decline on Thursday with shares of Tesla and Amazon falling 3.3% and 1.6% respectively. The iShares S&P 500 Growth ETF fell 1%.

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About Vextrader

Vextrader was established in 2011 and has been giving investors support from that point ahead. Vextraders aims and objectives consummately line up with the prerequisites of a financial investor. Throughout the long term, Vextrader has set up itself as the main trader and aide to furnish financial investors with the best returns. The abundance of that with the best mix of its mastery, assets, innovation, and information in trading, including the stock market. Going through 10 years in the business currently, Vextrader’s reputation is that of a trusted and safe one.

Media Contact
Company Name: Vextrader Group Limited
Contact Person: Paul Scott
Email: Send Email
Phone: +16 4749 87871
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City: Ambergris Caye
Country: Belize
Website: https://vextrader.com