Major US stock indexes finished trading above zero

US stocks rose slightly up on Friday. As the US President promised last week that announced the tax reform in the coming weeks, Wall Street inched up to record highs in the coming days in the rally, where the financial sector, primarily banks, surpassed other sectors. But given that the reporting season draws to a close, many investors awaited more concrete signs of progress from Trump. In addition, as it became known today, the index of leading indicators from the Conference Board (LEI) for the US increased by 0.6% in January to 125.5 (2010 = 100), after rising 0.5% in December. However, the total amount of debt held by American households has grown significantly in the last quarter, recording the fastest pace in the last ten years, helped by a vast and stable increase in debt on credit cards, auto loans and student loans. In addition, in the 4th quarter of the amount of debt on the mortgage loans reached a peak since the last financial crisis. According to the report submitted by the Federal Reserve Bank of New York, the total household debt increased by $ 226 billion over the last three months of 2016.

DOW index components closed mostly in positive territory (20 of 30). Most remaining shares fell UnitedHealth Group Incorporated (UNH, -3.73%). Leaders of growth were shares of Verizon Communications Inc. (VZ, + 1.53%).

Sector S & P Index showed a mixed trend. Most of the basic materials sector fell (-0.6%). Leaders of growth were consumer goods sector (+ 1.3%).