US stocks open mostly higher on Trump tax cut idea | Malay Mail

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NEW YORK, Aug 11 — US stocks started today’s session with further gains, boosted by news of a Russian Covid-19 vaccine and by President Donald Trump floating the idea of cutting capital gains taxes. Lower taxes on selling investments like stocks will usually set investors cheering, but the...

About 40 minutes into the trading day the Dow Jones Industrial Average gained about 1.0 per cent to 28,066.00 and the broad-based S&P 500 rose 0.1 per cent to 3,364.73, retreating from an earlier surge. — Reuters pic

Lower taxes on selling investments like stocks will usually set investors cheering, but the tech-rich Nasdaq was not impressed, and continued its downward slide. But the news from the economic data continues to be worrisome: the NFIB small business optimism index fell nearly two points in July, far below expectations, reflecting the resurgence in Covid-19 in several states.

 

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