Liberty University Business School Dean and former Congressman Dave Brat discusses the Biden administration’s tax proposal.
Federal Reserve President Jerome Powell and US Treasury Secretary Janet Yellen returned to the Capitol to report on the progress of COVID-19’s relief efforts on the second day of testimony.
PANIC-19 PANIC STOCK SELLING BURNT INVESTORS WITH THE SHORTEST BEAR MARKET EVER
While Powell assured lawmakers that inflation will rise but will not get out of hand, Yellen hinted that the next tax hikes scared financial markets on Tuesday. It reiterated more on the same Wednesday, especially a higher corporate tax rate.
STOCKS BATTLE HIGHER, INTEL LEADS DOW
The stock rose on Wednesday, with the exception of Nasdaq Composite.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGE | 32495.26 | +72.11 | + 0.22% |
| SP500 | S&P 500 | 3898.48 | -12.04 | -0.31% |
| I: COMP | NASDAQ COMPOSITION INDEX | 12993.065706 | -234.63 | -1.77% |
|
Distributed by
|
||||
For all the highlights, check out the FOX Business Blog. Mobile users click here.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS