US Market sinks on tax proposals

The US stock market finished session firmly in negative territory on Thursday, 22 April 2021, as a resurgence of COVID-19 cases globally sapped appetite for stocks with data showing tepid U.

At the close of trade, the Dow Jones Industrial Average index fell 321.41 points or 0.94% to 33,816.

ECONOMIC NEWS: US Existing Home Sales Tumble 3.7% In March- US existing home sales tumbled by 3.7% to an annual rate of 6.01 million in March after plunging by 6.3% to a revised rate of 6.24 million in February, the National Association of Realtors reported on Thursday.

US Jobless Claims Fall To New One-Year Low- US Labor Department released a report on Thursday unexpectedly showing a continued decline in initial jobless claims in the week ended April 17.

US Leading Economic Index Jumps 1.3% In March- US leading economic index jumped by 1.3% in March after edging down by a revised 0.1% in February, a report released by the Conference Board on Thursday showed.

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