Dow sinks more than 300 points on worries about higher taxes
CNN
US stocks are tumbling Thursday over investors' worries about higher taxes.
All three major indexes are in the red, with the Dow (INDU) down 0.9% -- more than 300 points lower. The S&P 500 (SPX) fell 0.8% and the Nasdaq Composite (COMP) tumbled 0.7%. It's not surprising that Wall Street doesn't like higher taxes, particularly when it comes to capital gains -- the levy investors pay on realized profits after selling a stock, for example.
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