Investors’ optimism in American stock exchange yesterday underwent the next test.

On a background of firm positive quarter results of the large companies, which inspire players on purchases; the general geopolitical situation, and also current economic statistics puts pressure upon key stock indexes.

Let's remind that yesterday's unexpectedly positive economic releases strengthened expectations of players that at June FOMC meeting the decision on the next interest rate increase will be made that has put pressure upon the share market.

Let's remind that consumer confidence index in the USA for April made 109.6, at the forecast 107.0. And the previous value has been revised from 107.2 up to 107.5. The parameter was not only much better than the forecast, but also reached a maximum level for last four years.

Let's remind that the index is calculated on Conference Board order’s by NFO Research Inc., surveying about 5.000 American families.

It is necessary to notice that such important components of consumer confidence index as the index of current situation in April grew up to 136.2 points from 133.3 points in March. And the index of expectations rose up to 91.9 points from 90.3 points, and it was originally informed on 89.9 points.

Another important indicator, which is watched closely not only by investors but also is traditionally considered by FOMC members, has exceeded the previous value instead of expected falling.

So, existing home sales in the USA made 6.92 million for March, at the forecast 6.60 million, and the previous value 6.91 million.

However, on the other hand, shares were supported by quarter results of giants of corporate America - DuPont Co. and Lockheed Martin Corp.

Let's remind that profit of the US second-largest chemical company DuPont Co. decreased in the first quarter of 2006 because of a rise in energy prices, conversion costs and influence of dollar growth.

The net profit of the company made $817 million, or 88 cents per a share against $967 million, or 96 cents per a share a year earlier. We shall notice that on the average experts forecast that the profit per a  share would make 81 cent per a share in the first quarter.

Thus DuPont consolidated net sales made $7.4 billion, that as a whole is in line with forecasts.

Besides the company’s experts forecast that in the second quarter the profit per a share will grow up to 90 cents, and on results of year will make $2.80. Thus independent experts expect $1.03 and $2.73 accordingly.

And profit of defensive contractor, the largest in the USA, Lockheed Martin Corp. in the first quarter of 2006 was up 60 % that was above forecasts owing to high sales IT services, and also simultaneous realization of shares.

The profit of the manufacturer of pursuit planes F-16 and ??? Patriot grew up to $591 million, or $1.34 per a share from $369 million, or $0.83 per a share in the first quarter 2005.

Sales were up 9.0 % to $9.2 billion. Experts assumed that the profit would make $1,14 per a share at proceeds of $9.02 billion. For last three months of Lockheed shares have risen in price approximately 19 %.

As a result Dow-Jones index of New York stock exchange fell 53.07 points and was closed at a level 11283.25. NASDAQ index was down 3.08 points and is at a level 2330.30. S&P 500 index dipped 6.37 points and is at a level 1301.74.

30-year U.S. Treasury notes’ yield rose 0.090 in comparison with the previous closing and makes 5.154.

As a result we recommend to wait for descending correction of key indexes. After its end it is necessary to open purchases of indexes futures. While it is necessary to remain outside of the market.