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Day Traders Finally Retreat After Standing Firm Amid Stock Market Rout


Wall Street hands out biggest bonuses since 2006

The average payout for securities workers in New York in 2021 was $257,500, a figure boosted by the record levels of deal-making and trading activity big banks handled as the global stock markets surged to all-time highs. “The numbers pop out … and are higher than what had been projected,” New York State Comptroller Thomas DiNapoli said, calling it “welcome news.” Wall Street contributed about 18% of all the taxes collected in New York for 2021, and it should help New York City beat its expectations for income tax revenue, the report found.

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