COIN - Capital Gains Tax Fears Crimp Stocks Rally

Stocks experienced a bit of a rollercoaster this week, starting off with some selling on Monday and Tuesday before rallying on Wednesday and into Thursday morning. That ended with news of President Biden's "American Family Plan," to be funded mainly by increasing the capital gains tax and the top income tax rate. Markets sold off on the news, then rebounded today (Friday). At the time of this writing (3pm on Friday), the Dow Industrials (DJI) was down about 0.3% for the week, with the Nasdaq Composite (COMP.IND) off about 0.1%. The S&P 500 (SP500) is effectively flat week-over-week. The Russell 2000 (RTY) was the lone winner among major indexes, climbing about 0.9%. It was a bad week for cryptocurrencies, with bitcoin (BTC-USD) dropping by about 8% WoW and 25% since setting an all-time high. Coinbase (COIN) also fell in its second week as a public company, tracking bitcoin to give

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Capital Gains Tax Fears Crimp Stocks Rally