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..
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