Summary: 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. 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. 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. Watch More with TheStreet: These Stock Sectors Will Benefit the Most From Tax Reform Activision Blizzard Is a Revolution, Says Jim Cramer Make Your Kid a Millionaire, The Perfect Holiday Gift Jim Cramer Maintains That Apple Is to Be Owned, Not Traded Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
