The first post holiday day on Wall Street has begun with growth on a background of the next decrease in oil quotations. At opening Amazon.com Inc. shares were growing.
Let\'s remind that the company has informed that owing to a great demand on musical players iPod on Christmas sales this to year Amazon.com Inc. has reached the record levels on realization of production.

“Falling of the oil prices promotes the market’s growth, - Mariano Sancho at Riva y Garcia Gestion told. - Now there exist much more bases to buy instead of to sell shares”. 

February futures on NYMEX have decreased on 27 cents to a level of 58.16 dollars per a barrel. As a result reduction of oil prices has put strong pressure upon papers of power sector.
So, shares of oil company Exxon Mobil have fallen on 2.1 % to 55.87.

Let\'s remind that on results of Tuesday tenders oil quotations dipped after forecasts of quite warm weather in the US northeast for this period of year, and also the information that Royal Dutch Shell company had almost restored oil production in two oilfields, suspended because of oil pipelines’ blowing up in Nigeria last week.
So, on forecasts, in the first days of coming 2006 demand for fuel in northeast of the country will be below the average indicator on 25 %. And on today morning oil traded in area of  $57.90 per a barrel.

And on the other hand, reduction of profitability of the US exchequer bonds for 10-years, which were below profitability of 2-year notes for the first time since December, 2000, have not given optimism to investors.

And among NASDAQ components strong pressure was put by shares of Internet-sellers among which is Overstock.com Inc. Decrease has been caused by messages on slow growth of sales during a resort -holiday season. Overstock.com shares have fallen on 7.4 % to 31.15.
eBay Inc. shares have dipped on 1.9 % to 43.75. Amazon.com Inc. papers have reduced on 1.3 % to 48.56.
And the largest American retail seller Wal-Mart reported on Saturday that December sales were in line with forecasts, but shares of the company could not grow up and were closed in a red zone, having fallen on 1.3 % to 47.73.

Apple Computer Inc. increasing papers could not sustain the stock market.
The company is the manufacturer of one of the most popular musical mp3-players iPod, which is the most demanded goods of electronics as a present during the holiday period.
As a result Apple shares have grown on 1.2 % to 4.23.

Despite yesterday losses many experts are already in favor of positive prospects on Wall Street the next year. So, Michael Vulfolk, Bank of New York senior currency strategist, notices: “Shares of the USA and potentially dollar can be in a hot demand at the beginning of 2006. If stock managers decide to change structure of their portfolios, and overestimate the American shares from overestimated to neutral ones the rally will begin”.

It is also necessary to pay attention to that according to Merrill Lynch December poll managers consider that dollar strengthening will force the market to reconsider its position to the American shares.
Now managers see the American shares as underestimated, and Japanese ones - overestimated. As a result 25 % of them it is planed to increase their investments in the US shares in the nearest quarter. It is a maximum level for all history of poll.
And according to Business Week poll, published on December, 26th, the majority of economists believe in growth of the US shares the next year. The average forecast of growth of Dow-Jones index makes 7.2 % in 2006, S&P 500 - 7 %, and NASDAQ Composite - 7.6 %.

However, coming back to the last events, we shall note that shares on Wall Street decreased considerably at the tenders on Tuesday, and all the basic stock indexes were in a negative zone.

Let\'s note that due to days off continuation that is connected with Christmas holiday of, and also with approach of New Year holidays, in some financial centers investors’ activity on Wall Street is quite low.
Despite the stability of key indexes within the limits of narrow trading ranges of the last days, nevertheless we recommend to wait for their descending correction.
All our last recommendations hold good: to open long-term purchases of futures for Dow-Jones and S&P 500 indexes after their achievement the levels mentioned before.