BY THE NUMBERS
U.S. stock futures were mostly higher, one day after Wall Street skidded on reports that President Joe Biden plans to propose an increase in the capital gains tax rate to 39.6% for those earning $1 million or more, up from 20% currently. The Dow, S&P 500 and Nasdaq finished off their lows, declining about 1% each. The three stock benchmarks were tracking for weekly drops of more than 1%. (CNBC)
* Today’s biggest analyst calls of the day: Tesla, Schwab, Amazon, Microsoft (CNBC Pro)
Dow components American Express (AXP) and Honeywell (HON) delivered quarterly results Friday morning.