Yesterday's trade was especially significant for investors. We shall notice that after such symbolic events for the market as Federal Open Market Committee meeting, and publication of the accompanying instruction many investors reconsider their portfolios.

As a whole, investors’ moods have noticeably decreased after yesterday's FRS statement about opportunity of the further increase of rates.

As a result share on Wall Street have opened varied, and a primary factor of pressure upon shares of technical sector became Google papers, which fell in the price after disappointing quarter results.

Let's remind that Google net profit rose up to $372.2 million, or $1.22 per a share in 4 quarter against $204.1 million, or 71 cents per a share the same period of the last year.

The profit, except for lump sums, made $1.54 per a share against the market’s forecast of $1.77 per a share.

The company’s results have disappointed the market for the first time since the listing, however gross revenue has grown on 86 % up to $1.92 billion owing to growth of advertising incomes that is in line with the forecasts.

Thus because of the company’s results were worse than the market’s forecasts for the first time after IPO, investors’ moods have changed cardinally, that has led to mass sales of shares of technical sector at the Asian and European stock exchanges.

Thus at off-board tenders Google shares fell off almost on 12 % up to $381.53. As a result UBS analytics have lowered the recommendation on Google shares up to “neutral" from "to buy".

Another important factor, which is connected with position of key stock indexes, is the situation in the oil market.

And key event, which forms moods of oil traders, is the oil stocks report of the US Department of Energy for a week. So, according to this release, for a week, ended on January, 27th, 2005, oil stocks grew on 1.9 million barrels up to 321.0 million barrels, petroleum - on 4.2 million barrels up to 219.0 million barrels, oven fuel stocks - on 1.8 million barrels up to 59.6 million barrels whereas distillates stocks reduced on 200.000 barrels to 136.3 million barrels.

Let's remind that the experts, surveyed by Reuters agency, expected growth of oil stocks on 1.3 million barrels and growth of petroleum and distillates stocks on 1.1 million and 500.000 barrels correspondingly.

According to the American petroleum institute oil stocks climbed on 5.9 million barrels up to 324.227 million barrels, petroleum - on 3.7 million barrels up to 216,212 million barrels, and distillates stocks dropped on 883.000 barrels up to 137.468 million barrels.

Right after publication of the report oil quotations have started down, however then the prices boosted, having reached new peaks of the week.

As a whole consumer sentiment in the market of energy carriers obviously prevail. They are based on concern around a problem of the Iranian nuclear program, which has been committed to Security Council of the United Nations.

As a result yesterday the American light oil traded already at a level of $68.65 for barrel.

Other macroeconomic data, published yesterday, could not influence essentially on investors’ moods. We shall remind that ISM business index in the USA made 54.8 for January, at the forecast 57.0, and the previous value 55.6.

Thus the new orders index dipped up to 58.0 points in January from 59.1 points in December. And the price index picked up to 65.0 points from 63.0 points, and the employment index went down to 51.3 points from 53.6 points.

Let's notice that a reading above 50 points means expansion in the sector, below - recession. Value of the index exceeds a mark of 50 points since June, 2003.

As a whole, on experts’ forecasts capital investments will be the main source of economic rise this year as the companies update the equipment. However the increase in demand leads not only to speed-up of rates of manufacture growth, but also to strengthening of inflationary pressure.

And the second important economic indicator, reflecting a situation in building sector of the US economy, on the contrary, has been noticeably better than the forecasts.

Let's remind that construction spending index in the USA made +1.0 % for December, at the forecast 0.0 %. And the previous value has been revised from +0.2 % up to +0.5 %.

And year over year construction spending in the USA grew on 8.1 % in December, 2005. In 2005 construction spending growth made 8.9 % to 2004 and reached a record $1.120 billion.

As a result Dow-Jones index of New York stock exchange has grown on 89.09 points and was closed at a level 10953.95. NASDAQ index has picked up on 4.74 points and is at a level 2310.56. S&P 500 index has risen on 2.38 points and is at a level 1282.46.

Profitability of the US state obligations for 30 years has grown on 0.025 in comparison with the previous closing and makes 4.710.

As a result while we recommend to keep purchases of Dow-Jones index futures. The purposes of growth of the index also hold good.