Energy and basic materials shares led the drop Thursday. Stocks such as Alcoa, Caterpillar, Bank of America and Chevron stood out among Dow decliners amid increasing global economic growth concerns.
Last December, Congress extended a number of the Bush-era tax breaks, but only for a limited length of time. It is probably a safe bet that most won’t get extended further, considering the size of the national debt. Although numerous tax breaks were extended, only a few provide you with an opportunity to take actions that can reduce your tax bite. But if you want to take advantage of those tax breaks, you need to act this year or next. Here is a list of those extended tax breaks and what will happen when they expire.
Indices ended in the green zone Wednesday. MasterCard, Coca-Cola and General Electric stood out among advancers on the Dow. Brands lifted amid a variety of economic news.
Indices closed well into the red zone Tuesday. General Electric, United Technologies and Home Depot led the Dow’s downswing. Brands traded lower amid a slip in consumer spending and news that President Barack Obama signed a plan to raise the federal debt limit.
Indices closed out in red territory Monday. Merck and Home Depot led decliners on the Dow. Crude oil shed 81 cents to settle at $94.89 a barrel.
Brands took a breather Friday. Merck, Hewlett-Packard and Walt Disney led decliners on the Dow. Stocks slipped amid a variety of economic news.
Indices ended Thursday’s session mixed. The Dow and S&P 500 shed some points. The Nasdaq closed in the green. Stocks made mixed moves amid a variety of economic news.
Indices closed in the red zone Wednesday. Stocks such as Cisco Systems and 3M led the downswing. Brands traded lower amid a continued deadlock on the debt ceiling decision in Washington among other news.
Indices closed out in red territory Tuesday. 3M led the Dow’s descent after reporting projected full-year earnings that fell short of estimates.
The Internal Revenue Code rewards businesses for pursuing innovation by continually increasing investment. Learn how in this Tax Tip.