The Dow Jones Industrial Average fell 321.41 points, or 0.94%, to 33,815.9, the S&P 500 lost 38.44 points, or 0.92%, to 4,134.98 and the Nasdaq Composite dropped 131.81 points, or 0.94%, to 13,818.41. MSCI's gauge of stocks across the globe shed 0.23% and the pan-European STOXX 600 index rose 0.68%. Emerging market stocks rose 0.34%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.4% higher, while Japan's Topix rose 1.82%. Nikkei futures were little changed.
NEW YORK: An index of stocks across the world fell on Thursday weighed by Wall Street after reports that the Biden administration will propose a sharp increase to capital gains tax, while the dollar index rose as the euro and pound gave back recent gains.
Oil prices rose as concerns over Libyan output more than offset worries that rising coronavirus cases in India and Japan would cause energy demand to decline.
Limited time offer:
Just RM5 per month.
