Major US stock indices fell slightly on Wednesday, responding to details of the tax reform plan of the US President's administration Trump.

According to the plan, the maximum tax rate for individuals will be reduced to 35% from the current 39.6%. In addition, together 7 tax categories for individuals will now be 3 categories - with rates of 10%, 25% and 35%. The plan also implies a reduction in the tax rate for the company to 15% from 35%. The tax rate on income for companies on individual declarations will also be reduced to 15% (now these revenues are subject to separate tax rates). At the same time, it is planned to abolish the targeted tax deductions that were mostly used by the richest, as well as the inheritance tax and the minimum alternative tax. The plan also includes tax breaks for American families, especially middle-income families, and a doubling of the standard tax deduction that Americans can claim for reimbursement from the budget. In addition, it is planned to reduce taxes for families with children and expenses for dependent care.

Investors also evaluated the quarterly reports of companies such as Arconic (ARNC), Twitter (TWTR), United Tech (UTX), Procter & Gamble (PG), AT & T (T) and Boeing (BA).

Companies from the S & P 500 index so far reported on profits for the first quarter, which in aggregate exceeded the consensus estimates by 6.8%. If the current growth rate of earnings per share of companies from the S & P 500 will hold, they will become the strongest since the end of 2011, according to FactSet.

Most components of the DOW index finished trading in different directions (15 in negative territory, 15 in positive territory). The leader of growth was shares United Technologies Corporation (UTX, + 1.32%). Most fell shares The Procter & Gamble Company (PG, -2.60%).

The S & P index sector also finished trading mixed. The growth leader was the conglomerate sector (+ 0.5%). Most fell sector of consumer goods (-0.6%).

At closing:

DJIA -0.08% 20.978.93 -17.19

Nasdaq -0.00% 6,025.23 -0.26

S & P -0.04% 2,387.70 -0.91