January 27, 2023

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US stocks set for flat open

1 min read

US equity futures little changed

S&P 500 futures are 2 points higher after Friday’s 45-point surge.

The dominant story late last week was a leaked plan from the Biden administration to hike capital gains taxes on those earning more than $1m. Ultimately, the market decided that it was better to pay 40% on gains above $1m than have no gains at all.

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