Sharechat Logo

14th September 2021 Morning Report

Tuesday 14th September 2021

Text too small?

U.S. stock markets closed mixed yesterday with both the Dow Jones Industrial Average and the S&P 500 snapping their five-day losing streaks. The Dow and S&P 500 ended up 0.76% and 0.23% respectively, while the Nasdaq Composite slipped 0.07%.  The markets were restrained by the House Democrats work on a draft proposal that would raise taxes on the wealthy and corporations to pay for their $3.5 trillion budget package. The proposal package includes raising taxes on individuals making over $400,000 annually and married couples filing jointly earnings of $450,000 or more per year. It also includes raising the top corporate tax rate to 26.5% from 21% and increasing the top capital gains rate to 25% from 20%. 

Other key overseas markets were mostly higher. Germany’s DAX increased 0.59%, France’s CAC 40 advanced 0.2% and Britain’s FTSE 100 closed 0.56% higher. Japan’s Nikkei 225 and China’s Shanghai Composite closed marginally higher 0.22% and 0.33%, respectively, while Hong Kong’s Hang Seng index dropped 1.5%. 

West Texas Intermediate crude oil added 73 cents to $70.45 a barrel and was on track for its best close since Aug. 2. Gold, meanwhile, gained $2.40 to $1,792 an ounce.

Morning Report 14 September 2021

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

August 18th Morning Report
August 17th Morning Report
August 16th Morning Report
August 15th Morning Report
August 12th Morning Report
August 11th Morning Report
August 10th Morning Report
August 9th Morning Report
August 8th Morning Report
August 5th Morning Report