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..
via http://ift.tt/2AJEQ0I Tyler Durden