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By Staff Reporters
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The Dow surged 825 points, or 2.8%. The Dow has soared more than 1,500 points in the past two days. It is now back above the key 30,000 milestone and is about 18% off its most recent record high, meaning that is no longer in a bear market.
The S&P 500 and Nasdaq gained 3.1% and 3.3%, respectively. But both of those indexes remain in bear territory, at more than 20% off their all-time highs.
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The UK is scrapping its plan to remove the 45% top rate of income tax, calling it a huge distraction from other priorities. The plan, which the government defended just recently, caused a mini-financial meltdown before the Bank of England stepped in with emergency measures.
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Filed under: Alternative Investments, Breaking News, Investing, Taxation | Tagged: DJIA, Domestic markets, Domestic Markets Soar as United Kingdom Scraps Taxation, NASDAQ, S&P 500, Taxation, UK, United Kingdom, UPDATE: United Kingdom Economy | Leave a comment »
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