Unexpectedly strong reports of AMD and Pfizer companies have a little reduced investors’ concern about decrease in corporate profits. On this background the shares on Wall Street have opened with growth.

Let's remind that net profit of pharmaceutical giant Pfizer Inc. went down in the 4 quarter of 2005 after strengthening of a competition and reduction in demand.

The net profit made $2.73 billion, or on $0.37 per a share against $2.83 billion, or on $0.38 per a share a year earlier.

Except for some lump sums the company earned profit at a rate of $0.51 per a share.

Experts predicted the profit at a rate of $0.42 per a share.

The proceeds of the company made $13.592 billion in the 4 quarter against $14.924 billion a year earlier.

Also Advanced Micro Devices company has informed on quarter profit after the losses, having published the optimistical forecast for the 1 quarter.

And Merrill Lynch net profit in the 4 quarter became record on a background of growth of trading incomes.

So, the net profit of the investment bank made $1.495 billion, or $1.51 per a share against $1.19 billion, or $1.19 per a share a year earlier.

Economists predicted $1.30 per a share. The proceeds have jumped up15 % up to $6.8 billion at the experts’ forecast of $6.695 billion.

Merrill Lynch shares have grown 16 % from the end of 2004.

Let's also remind that Apple Computer Inc. company informed in the quarterly report that the profit made 565 million dollars or 65 cents per a share in the accounting period. Incomes have grown up to 5.75 billion dollars.

The results have been above the analysts’ average  forecasts, surveyed by Thomson First Call which expected the profit at a rate of 61 cents and the income at a rate of 5.54 billion dollars.

A year ago during the same period Apple company earned 295 million dollars or 35 cents for a share. The income made 3.5 billion dollars.

Besides the jobless claims in the USA made 271000 for a week on January, 14th, at the forecast 320000. And the previous value has been revised from 309000 to 307000.

The indicator has been much better than the expected level and is minimal since April, 2000.

Analysts indicate that the companies continue to create new workplaces that allow waiting for pressure of the prices from wages and increase of consumer expenses.

As a result the total number of jobless in the USA decreased up to 2,534 million from 2,692 million for January, 7th.

Despite the strong reports on profits of corporations and positive jobless claims data the market has reacted very painfully to a new threat of acts of terrorism in  the USA.

Let's remind that on Thursday a telechannel "Al- Jazeera" showed Ben Laden's new video recording where the terrorist offered Washington a long-term armistice, having acted at the same time with threats of new acts of terrorism in a territory of the USA, which now, as he said, are "at a stage of preparation".

Right after this the oil prices continued growing because of investors’ fears of realization of Ben Laden's threats.

Let's notice that the former factors, such as destabilization in Nigeria and the difficult political situation around of the Iranian nuclear program, have also held good, push to growth oil quotations.

As a result yesterday February futures for oil WTI rose $1.10 up to $66.83 per a barrel.

However key stock indexes have been unexpected supported by the statements of FRS representatives who declared that FED would lift the rate in January, and then would think about a pause in a long cycle of rates increase.

"The minutes of the meeting from December, 13th points out that one more pair of increases are left for reserve. I am sure that one more increase will be exactly", - Richmond FRB Head Jeffrey Laker told yesterday.

"Whenever the cycle of increases has come to the end, it is not necessary to wait that short-term interest rates will remain constant for a long time," - he has emphasized.

And a FRS Board member Susan S. Bies told yesterday that the end of a growth cycle of rates would be indicated by economic data. Thus she noted that the termination of increases was approaching.

As a result Dow-Jones index of New York stock exchange has grown 25.85 points and was closed at a level 10880.71. NASDAQ index has come up 22.17 points and is at a level 2301.81. S&P 500 index has risen 7.11 points and is at a level 1285.04.

Profitability of the US state obligations for 30 years has grown 0.030 in comparison with the previous closing and makes up 4.549.

As a result we suggest keeping opened before purchases of Dow-Jones index futures. The purposes of growth of the index, mentioned in previous recommendations, hold good.