World News – AU – Wall Street slumps in early 2021, concerns over higher taxes, COVID-19

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New York [USA], 5. January (ANI / Sputnik): Wall Street started 2021 with its worst loss since November when US stocks worries about the ongoing coronavirus crisis sold out and fears that new President Joe Biden could raise corporate taxes if Democratic Party gains control of the Senate and supports its policies. The Dow Jones Industrial Average, Wall Street’s broadest stock indicator, closed the first trading day of the year down 1. 3 percent at 30. 224. The S&P 500, a barometer of the 500 largest US stocks on the New York Stock Exchange, traded at 3. 701, a minus of 1. 5 percent. Last year it won 15. 8 percent. The Nasdaq Composite Index, which is based on the performance of technology giants like Facebook, Apple, Amazon, Netflix and Google, led the performance and ended trading on Monday with a minus of 1. 5 percent at 12. 698. Stocks fell as a new variant of coronavirus, originally identified in the United Kingdom, continues to spread in the United States, with New York being the third US state to identify a case. The US state of Georgia is holding a runoff election for two seats in the US Senate on Tuesday. If Democratic candidates Raphael Warnock and Jon Ossoff win, their victory will equate Senate representation of the party with that of Republicans, giving elected Vice President Kamala Harris a pioneering role. Gaining control of the Senate gives President-elect Biden an opportunity to stick to his promise to raise corporate taxes. (ANI / Sputnik)

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Wall Street, 2021, New York Stock Exchange, Joe Biden

World News – AU – Wall Street slumps in early 2021, concerns about higher taxes, COVID-19
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Wall Street slumps in early 2021, concerns about higher taxes, COVID-19

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