The main US stock indexes finished trading in negative territory

Major US stock indices fell slightly on Monday after reports that the House of Representatives is discussing a "gradual introduction" for corporate taxation plans by President Donald Trump.

According to Bloomberg, the White House is considering the possibility of a phased reduction of corporate tax. In the latest assumptions reported, the corporate income tax rate of 20%, which the President Trump team actively advertised, will not come into force until 2022. During this period, this rate will be gradually reduced.

In addition, it was reported that in September, consumer spending in the US recorded the largest increase in more than eight years in September, probably because households in Texas and Florida replaced water-damaged cars, but core inflation remained muted. The Commerce Department said on Monday that consumer spending, accounting for more than two-thirds of US economic activity, rose 1.0% last month. The increase, which also included an increase in household spending on utilities, was the largest since August 2009.

However, data provided by the Federal Reserve Bank of Dallas, showed that in October, the business activity of Texas producers increased significantly, despite the projected decline. According to the report, the Dallas Federal Reserve's production index in October rose to 27.6 points from 21.3 points in September. Analysts had expected the decline to 21.0 points. Recall, the value of the index above zero indicates an increase in business activity.

Oil prices rose moderately on Monday, supported by expectations of a tangent that the contract to reduce production will be extended after March. However, the growth of oil exports from Iraq limited the increase in quotations.

Most components of the DOW index finished trading in the red (22 of 30). The leader of growth was the shares of Apple Inc. (AAPL + 2.32%). Outsider were the shares of Merck & Co., Inc. (MRK, -5.92%).

Almost all sectors of the S & P index recorded a decline. The health sector showed the greatest decline (-0.7%). The base resources sector grew most (+ 0.5%).

At closing:

DJIA -0.36% 23,348.74 -85.45

Nasdaq -0.03% 6,698.96 -2.30

S & P-0.32% 2.572.83 -8.24