Wall Street’s main indexes opened sharply higher on Wednesday. US Treasury Secretary Mnuchin says Trump wants a capital gain tax cut. Financial stocks post strong gains on surging US T-bond yields. Major equity indexes in the US opened the day decisively higher on Wednesday as the market mood turns upbeat on hopes of US President Donald Trump introducing tax cuts for capital gains. As of writing, the S&P 500 was up 0.9% on the day at 3,363, the Dow Jones Industrial Average was gaining 0.77% at 27,902 and the Nasdaq Composite was rising 1.15% at 11,002. During an interview with Fox Business earlier in the day, US Treasury Secretary Mnuchin reaffirmed that Trump was in favour of a capital gain tax and added that the President wants to move forward with a fair proposal on coronavirus aid legislation. Reflecting the risk-positive environment, the CBOE Volatility Index, Wall Street’s fear gauge is down 6.65% on a daily basis. Among the 11 major S&P 500 sectors, the Financials Index is up more than 1% boosted by surging US Treasury bond yields. On the other hand, the Industrial Index and the Energy Index are underperforming by rising only 0.25% on the day. S&P 500 chart (daily) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Rosengren: Recent slowdown in economic activity to continue as states restrict activities FX Street 2 years Wall Street's main indexes opened sharply higher on Wednesday. US Treasury Secretary Mnuchin says Trump wants a capital gain tax cut. Financial stocks post strong gains on surging US T-bond yields. Major equity indexes in the US opened the day decisively higher on Wednesday as the market mood turns upbeat on hopes of US President Donald Trump introducing tax cuts for capital gains. As of writing, the S&P 500 was up 0.9% on the day at 3,363, the Dow Jones Industrial Average was gaining 0.77% at 27,902 and the Nasdaq Composite was rising 1.15% at 11,002. During an interview with… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.