4/22, 10:00 PM (Source: TeleTrader)
more TeleTrader news

Wall Street closes lower, Nasdaq down 1.2%

United States major stocks markets closed lower on Thursday after media reported that President Joe Biden plans to increase capital gain taxes to a total of 43.4% to fund education and childcare programs. Meanwhile, initial jobless claims dropped last week to the lowest figure since March 14, 2020.

Tesla was in the center of focus today after US senators raised concerns regarding the safety of automaker's driver-assistance systems. Consumer Reports non-profit also revealed that their testing of Tesla's car proved that the vehicle will self-drive, even if the driver's seat is empty.

The Dow Jones closed the session with 0.94% below the flatline with Dow Inc losing 6%, while the S&P 500 slid 0.92% as Huntington Bancshares dropped by 6.71%. The Nasdaq 100 fell by 1.24% led by Micron Technology plunging by 5.34%. The euro declined by 0.16% against the dollar selling for $1.20146 at 4:02 pm ET.

Breaking the News / LH