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

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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