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Stocks Slip After GOP Tax Bill Passes House

The Dow slipped after the House passed controversial GOP tax legislation.

U.S. stocks fell after the House of Representatives passed a Republican-led tax bill. The Dow, the Nasdaq and the S&P all closed lower. The Senate is expected to vote on the tax bill this evening.

Apple Inc. (AAPL) - Get Apple Inc. (AAPL) Report shares fell about 1% after Nomura downgraded the tech giant's stock to Neutral from Buy. The firm suggested sales of the iPhone X may not be robust enough to top Wall Street forecasts as customers turn to cheaper models and shun the $1,000 price tag.

Apple is holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Shares of Jack in the Box Inc. (JACK) - Get Jack in the Box Inc. Report rose after announcing that it was selling Qdoba Restaurant Corp. chain to buyout shop Apollo Global Management LLC for $305 million. The decision came months after high-profile activist investors Jana Partners LLC's Barry Rosenstein and Jeff Smith's Starboard Value LP bought significant positions in the company.

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