The main US stock indexes finished trading with a confident increase

The major US stock indices rose significantly on Wednesday as US President Donald Trump's administration demanded lower tax rates, but did not provide much detail on how to pay for tax cuts without increasing the federal deficit.

The dynamics of trading also reflected statistical data on the United States. As it became known today, orders for durable goods, or long-lasting goods, such as passenger aircraft, increased sharply in August, and business investment again increased, becoming a good indicator for the US economy. Last month, orders for durable goods rose by 1.7%, the government said on Wednesday. Economists predicted an increase of 1%.

In addition, the Americans signed fewer contracts to buy houses in August, noting the fifth month of decline over the past six years, prompting the industrial group of realtors to cut their sales forecast in 2017. The index of unfinished transactions on sales of housing from the National Association of Realtors (NAR) fell by 2.6% to 106.3. This was the lowest level since January 2016, while the index was 2.6% below its level a year ago.

Prices for Brent crude oil moderately decreased, departing from the highs of 2015. The catalyst for this was the growth of the US dollar rate to the monthly maximum. On the other hand, the cost of WTI crude oil has grown moderately, receiving support from statistics on oil products in the US. The US Energy Ministry reported that last week oil reserves unexpectedly declined amid the recovery of the refinery after the hurricane Harvey. According to the data, the week of September 16-22, oil reserves fell by 1.846 million barrels, to the level of 470.986 barrels. Analysts had expected an increase in inventories of 3.422 million barrels.

Most components of the DOW index recorded a rise (17 out of 30). The leader of growth was shares United Technologies Corporation (UTX, + 2.22%). Outsider were shares of General Electric Company (GE, -2.33%).

Most sectors of the S & P index finished trading in positive territory. The technological sector grew most (+ 1.3%). The utilities sector showed the greatest decrease (-1.1%).

At closing:

DJIA + 0.25% 22.340.92 +56.60

Nasdaq + 1.15% 6,453.26 +73.10

S & P + 0.41% 2,507.08 +10.24