On a background of positive expectations of publication of corporate Yahoo! Inc. and International Business Machines Corp. reports shares on Wall Street opened with growth. Investors also expect strong numbers in reports of Motorola and ?exas Instruments companies, published today.

Let's remind that earlier investors’ optimism improved after Merrill Lynch and Co. Inc. message about record proceeds for the first quarter at a rate of $8 billion.

The market makers were not confused by the fact that the profit of the largest broker office of the USA decreased in the first quarter of 2006 because of payments at a rate of $1.2 billion, connected with change of payroll accounting system.

Let's remind that Merrill Lynch net profit made $475 million, or 44 cents per a share against $1.21 billion, or $1.21 per a share, for the similar period of the last year. We shall notice that experts forecast that the profit per a share would reach 35 cents in the first quarter on the average.

And the proceeds of the company were up 28 % to $8 billion in the first quarter whereas analysts expected $7.4 billion.

Moreover, Wells Fargo quarter results supported the shares greatly. So, in the first quarter the net profit of American bank Wells Fargo was up 9 % to a record level of $2.02 billion, or $1.19 per a share from $1.86 billion, or $1.08 per a share for similar quarter a year earlier.

Incomes of the bank were up 6 % to $8.56 billion that is a little below the expert’s forecast Lori Appelbaum from Goldman Sachs Group Inc., who expected the income at a rate of $1,20 per a share.

The increase in profit was promoted by growth of crediting of business, services and private investment management. The volume of commercial crediting grew 11 % the last quarter after increase, at least, on 10 % within five last quarters when chief executive of the company Richard Kovasevich has expanded a network of Wells Fargo divisions.

Experts also notice that key indexes grew due to hike of oil quotations yesterday "made consolidation pause". We shall remind that earlier on Tuesday oil price updated historical records on a background of growing geopolitical risks.

Thus on results of session May futures for oil WTI rose 1.4 % up to $71.35, and during the tenders hit the absolute maximum $71.60. And yesterday Brent oil was up $1.05 to $72.51, thus the maximum of $72.64 was reached during the tenders.

However already on today morning at the electronic tenders oil has a little fallen in price and now oil costs in area $71.00.

But the primary factor of growth, in opinion of many analysts, became the unexpected statement of San Francisco FRB Head Janet L. Yellen that on a background of possible slowdown of GDP growth and the limited inflationary expectations, FRS is near the end of interest rates increase.

Moreover she has reminded that the central bank "depends on unexpected statistics"  and wishes to wait for data reflecting GDP rise to be slowed down to a steady level of 3.25 %.

As a result Dow-Jones index of New York stock exchange was up 194.99 points and was closed at a level 11268.77. NASDAQ index was up 44.98 points and is at a level 2356.14. S&P 500 index raised 22.32 points and is at a level of 1307.65.

And 30-year U.S. Treasury notes’ yield fell 0.014 in comparison with the previous closing and makes 5.064.

Despite yesterday's hike of key indexes, we recommend while to keep position outside of the market. The probability of a new wave of correction is still great enough.