The GOP's plan to cut taxes got one step closer to becoming law on Tuesday. $4, meaning only the Senate and President stand in the way.
The Dow, S&P 500, and Nasdaq all slipped on Tuesday, despite the tax plan's progression, which many pundits have predicted will be good for stocks.
Here's the scoreboard:
- $4: 24,754.40, -37.80, (-0.15%)
- $4 2,681.56, -8.60, (-0.32%)
- Nasdaq: 6,993.38, -30.91, (-0.44%)
- US 10-year yield:>$4 2.39%, +0.04
- WTI crude oil:>$4 $57.49, +0.20, (+0.35%)
- $4. Being long bitcoin is the most crowded trade in the world, according to a fund manager survey conducted by Bank of America Merrill Lynch.
- $4. Investors are increasingly wagering on stock market volatility, according to a measure of options trading.
- $4. A new index tracking cryptocurrency-focused hedge funds showed returns of 1,641% in the year through to November.
- $4. Corporate borrowing made up 55% of global debt issuance in 2017.
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