After powerful growth on stock markets of Asia and Europe shares on Wall Street have also opened with growth.
Good news for the markets became the message of the Management of the economic analysis of the US Department of Commerce that after payment of taxes profits of the American corporations decreased on 4.3 % in the third quarter of 2005 in comparison with the last quarter.

“The pace is obviously set by Asia. Nikkei has broken through a mark of 16.000 points that is the good psychological factor for investors in the USA”, - Barry Ritkholtz from Maxim Group told.

Good news for investors became that for 3 quarter the US GDP growth has been revised to smaller side. We shall remind that it became an unexpected surprise for experts who did not expect the changes.
In 3 quarter GDP rose on 4.1 % year over year, growth on 4.3 % has been declared earlier. We shall also remind that the US economic growth made 3.3 % year over year in the second quarter of 2005.

Experts forecast that the consumer expenses rise which became one of the main reasons of growth of economy of the USA the last quarter, can be slowed down in October-December on a background of reduction of car purchases and increases in fuel expenses.
As a result ten quarters in row the US GDP growth exceeds 3 % that is the longest period of similar increase after 13 quarters, ended in March, 1986. 

As a result the shares grew at the tenders on Wednesday, having interrupted a four-day series of losses. Strong results from FedEx corporation have created positive dynamics for transport sector shares. The quarter income has surpassed Wall Street experts’ forecasts, and FedEx papers have grown on 5.2 % up to 103.70. Shares of their competitor United Parcel Service Inc. have risen in price on 1.9 % to 76.62.
Net profit of service of urgent delivery of cargoes FedEx Corp. has grown on 33 % in 2 financial quarter owing to growth of transportations on the US territories and abroad.
In September-November the net profit made $471 million, or $1.53 per a share against $354 million, or $1.15 per a share for the same quarter a year earlier.
The result was above the experts’ forecast, expected the profit at a level $1.4 per a share. FedEx proceeds have increased on 10 %, having reached $8.09 billion
The company has also raised the profit forecast for current fiscal year on20 cents - up to $5.45-5.7 per a share.

And the index of the Dow Jones transport companies has achieved a 52-week maximum. Technical shares were also in demand of investors after Goldman Sachs has raised the Apple Computer Inc. profit forecast in 2006.
Apple shares have grown on 1.9 % to 73.50. Among leaders of losses of the last day were shares of automobile conglomerate General Motors, which limited the growth of Dow and S&P 500 indexes.
After the main investor of the company, billionaire Kirk Kirkorjan has sold 12 million shares, General Motors papers fell almost on 4 percents to 19.05. During the tenders the new minimum on 18.99 has been recorded.

As a result Dow-Jones index of New York stock exchange has grown on 28.18 points and is at a level 10833.73. NASDAQ index has come up on 9.24 points and is at a level 2231.66. S&P 500 index has risen on 3.17 points and is at a level 1262.79.
Profitability of the US state obligations for 30 years has grown on 0.012 in comparison with the previous closing and makes 4.670.

As a result we suggest to keep a temporizing policy. All our previous recommendations hold good: it is necessary to wait for descending correction of Dow-Jones and S&P 500 indexes up to the mentioned levels, and then to buy futures for these indexes.