Shares on Wall Street have opened in a minus under pressure of growth of oil quotations and negative Intel Corp. And Yahoo Inc.quarter results.

At opening Google Inc papers became cheaper after decrease of forecasts concerning IT-sector.

The stock market’s participants are anxious about corporate profits. However, on the other hand, as the experts consider the US consumer inflation data can constrain a falling. CPI decreased 0.1 % in December, and core CPI increased 0.2 %.

"The market will like these data", - Brown Brothers Harriman experts say.

Volume of the American assets purchases by foreign investors made 89.1 billion dollars in November, at the previous value 104.2 billion dollars.

The consumer price index in the USA fell to 0.1 % in monthly calculation in December of the last year.

Except for the prices for foodstuffs and energy carriers the index (core CPI) rose 0.2 % m/m.

Experts expected growth on 0.2 % m/m, and the core CPI was expected at a level of 0.1 % m/m. In Year over year CPI climbed on 3.4 %, in December and core CPI - on 2.2 %.

Let's remind that Bank of New York Co. net profit per a share grew 18 % in the fourth quarter of 2005 in comparison with the similar period of the last year owing to incomes rise of security service, informs Reuters agency, referring to the report of the company, published on Wednesday.

The profit of the American bank has grown up to $405 million, or 53 cents per a share, from $351 million, or 45 cents per a share a year earlier.

This indicator has completely corresponded with the analysts’ expectations. Incomes raised up to $2.24 billion in the past accounting period from $1.97 billion in the fourth quarter of 2004.

Economists predicted reduction of sales to $1.772.24 billion.

And JPMorgan Chase net profit rose up to 2.7 billion dollars, or 76 cents per a share in the 4 quarter against 1.67 billion, or 46 cents per a share a year earlier.

Experts forecasted 72 cents per a share. The profit except for lump sums has made 73 cents per a share.

The proceeds have grown up to 13.68 billion dollars from 12.95 billion dollars a year earlier against the analysts’ forecast of 14.35 billion dollars.

As a result at the tenders on Wednesday the American shares were under pressure. The reason of negative investors’ moods became reports of Intel corporation and Yahoo company which were published after the end of regular session on Tuesday.

Intel papers have fallen 11.37 % to 22.62, having put the basic pressure upon Dow, NASDAQ and S&P 500.

Yahoo shares have dipped 11.89 % to 33.54.

At the end of the tenders on Wall Street Apple and eBay Inc. will declare their quarter results. Expectations concerning their reports are pessimistic in advance.

Apple shares have fallen 2.20 % to 82.85. eBay shares have decreased 1.54 % to 44.71. Google shares reduced 4.21 % after Stephen Nicalaus lowered their rating from a level "to hold" up to a level "to sell".

Reduction of oil prices has caused sale of shares of the energy companies. On NYMEX February futures on light sweet have decreased 81 cents to a level of 65.60 dollars for a barrel.

Exxon Mobil shares have decreased 1.25 % to 60.77. Shares of a competing company Chevron Corp. have gone down 1.36 % to 61.02.

Dow and S&P 500 indexes have been supported by  IBM shares which rose 1.06 % to 83.88 after the company presented the quarterly report in which the net profit of the 4 quarter was above the economists’ forecasts even though the incomes’ increase was below Wall Street preliminary estimations.

As a result Dow-Jones index of New York stock exchange has fallen 41.46 points and was closed at a level 10854.86. NASDAQ index has dipped 23.05 points and is at a level 2279.64. S&P 500 index has lowered 5.00 points and is at a level 1277.93.

Profitability of the US state obligations for 30 years has grown 0.008 in comparison with the previous closing and makes up 4.519.

Despite the begun reduction of key share indexes, we recommend to hold purchases of Dow-Jones index futures. There is a probability of its further reduction, however we consider this movement as a correction before the next growth of index quotations.