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April 22, 2021, 4:20 p.m. EDT

Dow books over 300 point loss after report Biden weighing sharp rise in capital gains tax for wealthy

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By William Watts and Sunny Oh

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Read: The ‘greening’ of the S&P 500: 7 charts for Earth Day

Earlier Thursday, as expected, the European Central Bank left policy unchanged following its Governing Council meeting. ECB President Christine Lagarde said they didn’t discuss phasing out its bond-buying program at the meeting, saying such a move would be “simply premature.”

Which companies are in focus?

  • AT&T Inc. /zigman2/quotes/203165245/composite T +0.65% shares rose over 4% after reporting first-quarter results early Thursday.

  • Shares of American Airlines Group Inc.  /zigman2/quotes/209207041/composite AAL -0.87%  slid 4.5% after the air carrier reported a wider-than-expected first-quarter loss and revenue that fell shy.

  • Shares of Biogen Inc. /zigman2/quotes/201531540/composite BIIB -2.48%  fell 4% after the drug maker saw revenue drop 25% for the quarter.

  • Shares of Chipotle Mexican Grill Inc. /zigman2/quotes/200781108/composite CMG -1.49% closed down 1.8% after the fast-casual restaurant chain late Wednesday b lew past Wall Street expectations for its first quarter, saying new menu items, continued strength of online orders and a tailwind from stimulus checks pushed its sales more than 20% higher.

  • Qualtrics International Inc. /zigman2/quotes/224172508/composite XM +0.16% shares fell 1.5% after the maker of employee-engagement and survey software reported first-quarter results late Wednesday.

  • Shares of Lam Research Corp. /zigman2/quotes/208077897/composite LRCX -0.84% , which makes the instruments that foundries use to fabricate silicon wafers, slipped 4.2% after reporting record quarterly results late Wednesday.

  • Whirlpool Corp. /zigman2/quotes/200296850/composite WHR +0.0045% shares dipped 0.6% after the appliances maker reported first-quarter earnings that were above Wall Street expectations and raised its guidance .

  • Sleep Number Corp. /zigman2/quotes/203019104/composite SNBR -2.73% late Wednesday reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Shares tumbled 11.9%.

  • SmartRent.com Inc. , a provider of smart home operating systems, said it would go public via a merger with special-purpose acquisition company (SPAC) Fifth Wall Acquisition Corp. I /zigman2/quotes/224481643/composite FWAA -0.43% , in a deal valued at $2.2 billion.

How are other assets performing?

  • The yield on the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y 0.00% fell a basis point to around 1.55% as the ECB kept policy on hold, keeping U.S. bonds attractive to foreign buyers. Yields and bond prices move in opposite directions.

  • The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY -0.02% , a measure of the currency against a basket of six major rivals, rose 0.2%.

  • Oil futures /zigman2/quotes/211629951/delayed CL.1 +0.44%  seesawed  as COVID-19 cases continued to rise , with the U.S. benchmark gaining 8 cents, or 0.1% to $61.43 per barrel.

  • Gold futures /zigman2/quotes/210034565/delayed GC00 +0.05% fell $11.10, or 0.6%, to settle at $1,782 an ounce , after touching a 2-month high Wednesday.

  • In Europe, the Stoxx 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.11% closed 0.7% higher after the ECB statement. London’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.36%  rose 0.6%.

  • In Asia, Hong Kong’s Hang Seng Index  HSI closed 0.5% higher, while the Shanghai Composite  SHCOMP  slipped 0.2% and Japan’s Nikkei 225  NIK  jumped 2.5%.

Read next: Get ready for ‘reflation and reopening’ stock-market trade to kick into high gear, says JPMorgan’s top quant

/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 29.28
+0.19 +0.65%
Volume: 26.21M
June 15, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
7.10%
Market Cap
$207.70 billion
Rev. per Employee
$746,783
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 22.79
-0.20 -0.87%
Volume: 19.06M
June 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.75 billion
Rev. per Employee
$168,812
loading...
/zigman2/quotes/201531540/composite
US : U.S.: Nasdaq
$ 396.08
-10.06 -2.48%
Volume: 1.91M
June 15, 2021 4:00p
P/E Ratio
20.78
Dividend Yield
N/A
Market Cap
$61.15 billion
Rev. per Employee
$1.36M
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/zigman2/quotes/200781108/composite
US : U.S.: NYSE
$ 1,370.64
-20.69 -1.49%
Volume: 317,128
June 15, 2021 4:02p
P/E Ratio
96.23
Dividend Yield
N/A
Market Cap
$39.17 billion
Rev. per Employee
$68,007
loading...
/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 36.58
+0.06 +0.16%
Volume: 495,249
June 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$18.74 billion
Rev. per Employee
$220,990
loading...
/zigman2/quotes/208077897/composite
US : U.S.: Nasdaq
$ 643.48
-5.46 -0.84%
Volume: 638,002
June 15, 2021 4:00p
P/E Ratio
27.17
Dividend Yield
0.81%
Market Cap
$92.74 billion
Rev. per Employee
$888,552
loading...
/zigman2/quotes/200296850/composite
US : U.S.: NYSE
$ 221.11
+0.01 +0.0045%
Volume: 649,525
June 15, 2021 4:03p
P/E Ratio
10.32
Dividend Yield
2.53%
Market Cap
$13.85 billion
Rev. per Employee
$249,346
loading...
/zigman2/quotes/203019104/composite
US : U.S.: Nasdaq
$ 112.77
-3.16 -2.73%
Volume: 497,600
June 15, 2021 4:00p
P/E Ratio
18.68
Dividend Yield
N/A
Market Cap
$2.84 billion
Rev. per Employee
$396,785
loading...
/zigman2/quotes/224481643/composite
US : U.S.: Nasdaq
$ 11.45
-0.05 -0.43%
Volume: 213,446
June 15, 2021 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$507.98 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.50
0.00 0.00%
Volume: 0.00
June 15, 2021 8:42p
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/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
90.52
-0.02 -0.02%
Volume: 0.00
June 15, 2021 8:36p
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/zigman2/quotes/211629951/delayed
US : U.S.: Nymex
$ 72.44
+0.32 +0.44%
Volume: 5,016
June 15, 2021 8:36p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,857.40
+1.00 +0.05%
Volume: 5,238
June 15, 2021 8:36p
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/zigman2/quotes/210599654/delayed
XX : STOXX
458.81
+0.49 +0.11%
Volume: 0.00
June 15, 2021 11:03p
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,172.48
+25.80 +0.36%
Volume: 673,045
June 15, 2021 4:58p
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