The major US stock indexes finished trading in positive territory

Major US stock indices grew moderately on Friday amid reports that the US Senate approved the budget plan for the 2018 financial year. The budget plan is $ 4 trillion. was approved by the US Senate in a vote of 51 to 49 votes. The adoption of the budget is one of the stages in the implementation of the tax reform promised by US President Donald Trump, since it allows Republicans to avoid blocking this process by the Democrats. The tax reform will be possible due to the reduction in expenses set in the draft budget. The document also sets the budget framework for the period from 2019 to 2027. It is worth emphasizing that the reduction of taxes provided by Trump within 10 years will increase the US budget deficit by $ 1.5 trillion. The plan should now be coordinated with the budget plan of the House of Representatives.

In addition, as it became known today, in September, home sales in the United States unexpectedly increased, as the consequences of Hurricanes Harvey and Irma began to dissipate, but the constant shortage of offers for sale continued to affect overall activity. The National Association of Realtors said on Friday that home sales in the secondary market increased by 0.7% to a seasonally adjusted annual figure of 5.39 million units last month. Economists predicted that sales would fall to 5.30 million units. Sales have decreased by 1.5 percent since September 2016, this is the first annual decline since July 2016.

Most components of the DOW index finished trading in positive territory (25 out of 30). The leader of growth was the shares of The Boeing Company (BA, + 2.19%). Outsider were the shares of The Procter & Gamble Company (PG, -4.04%).

Almost all sectors of the S & P index recorded an increase. The sector of industrial goods grew most (+ 1.0%). The largest decrease was shown by the consumer goods sector (-0.2%).

At closing:

Dow + 0.71% 23,328.63 +165.59

Nasdaq + 0.36% 6,629.05 +23.98

S & P + 0.51% 2.575.13 +13.03