Dow jumps 227 points as strong economic data outweighs Biden tax-hike worry

NYSE trader Gregory Rowe works on the floor of the New York Stock Exchange at the end of the trading day.
Craig Ruttle/AP
US stocks closed higher as strong economic data outweighed investors' fears of a capital gains tax hike proposed by President Joe Biden.
All three major stock indexes ended higher on Friday.
In bond markets, the 10-year Treasury note rose 1.561% from 1.554% the day prior.Sign up here for our daily newsletter, 10 Things Before the Opening Bell
US stocks closed higher on the l