As well as on the eve, at support of positive quarter results of the companies, shares on Wall Street have opened with growth.

Let's remind that investors have been pleased with Bristol-Myers Squibb Co and Colgate-Palmolive reports today.

Walt Disney Co. has informed on Pixar Animation Studios purchase for $7.4 billion, and Guidant Corp. has declared about its merge with Boston Scientific Corp.

Investors have also been happy with General Dynamics Corp. quarter results. We shall remind that net profit of one of the leaders of the US space sector General Dynamics Corp. rose up to $406 million, or $2.0 per a share in the fourth quarter of 2005 from $336 million, or $1.66 per a share in the fourth quarter 2004, Reuters agency informed, referring to the company’s report, published on Wednesday.

The company explains the profit’s rise with sales of defense technology and equipment, as well as commercial planes Gulfstream.

Proceeds of the manufacturer of Abrams tanks and infantry fighting machines Stryker grew 11 % up to $5.8 billion the same period year over year.

Experts predicted the company’s profit at a rate of $1.97 per a share and proceeds at a level of $5.7 billion.

"A year begins with the big activity in sphere of mergers and take-overs, and that partly affects economic run", - Rick Makler from LibertyView Capital Management says.

However other yesterday's reports were not so positive, that was reflected in dynamics of key share indexes.

So, Sun Microsystems Inc. finished the 2 quarter of a current fiscal year with the loss of $223 million, or $0.07 per a share against the net profit of  $4 million, or $0,00 per a share a year earlier.

The proceeds in the 2 quarter made up $3.34 billion vs. $2.84 billion a year earlier. Except for special payments the profit per a share made $0.01, as well as analysts expected.

The company has declared about growth of administration and development costs.

And the net profit of the third US oil company ConocoPhillips has picked up 50 % to $3.68 billion or $2.61 per a share in the fourth quarter of 2005 from $2.43 billion or $1.72 per a share in the fourth quarter of 2004.

The profit’s rise of the company has been caused by a rise in oil and gas prices. As a whole in 2005 the profit’s rise made 66 % in comparison with 2004 - up to $13.529 billion, the quarterly report of the company says.

The company’s proceeds have raised up to $183.4 billion, that almost 40 % exceed the indicator of 2004.

The profit of proceeding transactions for the expired year made $13.640 billion against $8.107 billion in 2004.

The annual investments of the company made $11,620 billion. The company distributed $429 million of profits.

As a result at the tenders on Wednesday the American shares could not continue positive dynamics of the beginning of the tenders and remained in a negative zone.

So, Xerox corporation papers fell 1 % till 14.31 after the publication of the quarterly report, which was worse than Wall Street expectations.

The same was with the sweets manufacturer Hershey Co., which shares dipped 3.3 % to 52.30. The reason: the quarter incomes were not in line with the forecasts.

The company 3M also informed on incomes below the analysts’ expectations. Its shares dropped 1.6 % to 73 cents, having put the basic pressure upon Dow index.

Such results have raised the investors’ pessimism concerning a season of the report on quarter results.

At the same time economic data has also dampened investors’ feelings. Existing home sales have decreased 5.7 % and have made 6.6 million that became the third letdown successively.

In the real estate sector D.R. Horton Inc shares went down. Having fallen 2.1 % to 37.20.

The US housing data strengthened pressure in the market. We shall remind that as the National association of realtors informed on Wednesday home sales in the USA dropped 5.7 % y\y to 6.6 million units in December, 2005 from November 6.97 million units.

And experts forecasted drop in sales in December to 6.90 million units.

Let's notice that about 85 % of total amount of the housing market fall to the share of the existing home market.

As a result the investors’ alarm because of activity cut in the housing market has only amplified. We shall remind that growth of morgage rates and house costs lead to recession of activity the third month in a row.

Let's remind that in December home sale in the USA were minimal since March, and the average cost of the house rose 10.5 % since December of the last year up to $21 thousand.

And drop in oil prices on Wednesday caused pressure of sales of oil sector shares.

As a result Dow-Jones index of New York stock exchange has fallen 2.48 points and was closed at a level 10709.74. NASDAQ index has dropped 4.60 points and is at a level 2260.65. S&P 500 index has dipped 2.18 points and is at a level 1264.68.

Profitability of the US state obligations for 30 years has risen 0.085 in comparison with the previous closing and makes 4.655.

However, despite the minor closing of yesterday's trading session, we recommend to keep purchases of Dows-Jones index futures, opened earlier from a level 10690. The purposes of growth hold good.