Major US stock indexes finished session on negative territory

The main US stock indexes have moderately decreased, reacting to the negative news regarding the tax reform of US President Trump,

Bill Cassidy, a member of the Senate Finance Committee, said the Senate tax proposal would delay the corporate tax cut by one year, until 2019.

A small influence on the course of trading also provided data on the United States. As it became known, the number of Americans applying for unemployment benefits increased more than expected last week, indicating that the processing of applications violated by recent hurricanes began to improve. Initial applications for state unemployment benefits increased by 10,000 to 239,000, seasonally adjusted for the week ending November 4, the Ministry of Labor said. Economists predicted that primary treatment would rise to 231,000. Primary treatment fell to 229,000 the previous week, approaching the 44.5-year low, and remain well below the 300,000 level, which is usually considered a signal for a healthy labor market.

At the same time, in September wholesale stocks in the US increased by 0.3%, which is in line with the forecasts, while strong growth in August was slightly revised from 0.9% to 0.8%. The component of wholesale stocks, which is included in the calculation of gross domestic product - wholesale stocks, excluding auto, - increased in September by 0.42%.

Most components of the DOW index finished trading in the red (21 out of 30). Outsider were shares of McDonald's Corporation (MCD, -1.78%). The leader of growth was the shares of The Walt Disney Company (DIS, + 1.67%).

All sectors of the S & P index recorded a decline. The largest drop was shown by the sector of industrial goods (-1.1%).

At closing:

DJIA -0.43% 23,462.07 -101.29

Nasdaq -0.58% 6,750.05 -39.06

S & P-0.38% 2.584.62 -9.76