Stocks Tank As Brady Confirms SALT Deductions Will Stay In House Bill

US equities just legged lower - led by tech-heavy Nasdaq - after Ways & Means Committee Chair Kevin Brady confirmed that The House Tax Bill will keep SALT deductions, implicitly lowering tax revenues (and thus a potentially smaller corporate tax cut).

Nasdaq is leading the drop...

 

Apple most notably extended losses on the headline...

 

And FANG Stocks are fading..

The post Stocks Tank As Brady Confirms SALT Deductions Will Stay In House Bill appeared first on crude-oil.news.

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