Stocks took an intraday dive on these headlines:
BN: *HOUSE IS SAID TO BE DISCUSSING PHASE-IN OF CORPORATE TAX CUT
*PLAN WOULD CUT CORPORATE RATE GRADUALLY, REACHING 20% IN 2022
*CORPORATE TAX PLAN IS STILL UNDER DISCUSSION, SOURCE SAYS
Market expectations are certainly for a one shot deal here to 20%.
INTRADAY SPX