Morgan Stanley said any tinkering with long-term capital gains tax (LTCG) on equities – either an increase in the investment duration, to qualify as long-term, from 12 months to two or three years, or raising the effective tax rate to 15%, from 10% currently – will result in investors becoming more risk-averse when it comes to equities.
US stocks: S&P 500 ends higher as CoreWeave results fuel AI optimism
US stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectations that the Federal Reserve will hold
August 12, 2026