On a background of strong Tyco International Ltd quarter results and proceeding correction of oil quotations the American shares opened from powerful growth on Thursday.

Let's remind that Tyco International Ltd. profit, the manufacturer of consumer goods of a wide spectrum, grew in the second quarter of 2005/2006, as is said in the message of the company, issued on Thursday.

The net profit has made $1,02 billion, or 49 cents per a share in comparison with $192 million, or 10 cents per a share a year earlier.

The profit on proceeding transactions made 52 cents per a share against 19 cents per a share a year earlier. Experts forecast that this indicator would make 42 cents per a share.

For the accounting period Tyco sales reached $10,2 billion whereas analysts forecast $10,18 billion.

On the other hand the stock market is supported by falling oil prices, which proceeds the third day in a row.

Experts connect the reasons of a falling with the begun profit-taking by hedge funds after the release of data about growth of petroleum stocks in the USA.

Let's remind that as Energy Information Agency informed on Wednesday petroleum stocks in the USA for a week, ended on April, 28th, were up 2.1 million barrels to 202.7 million.

Thus the analysts, surveyed by Reuters, expected drop in petroleum stocks of 700.000 barrels last week.

For last two sessions prices slumped 6.5 %, having departed considerably from a historical maximum of $75.35, achieved two weeks ago.

Besides this week the data, which showed decline of autosales in the USA, and also change of Americans’ preferences in favor of midget cars, were published.

However the Iranian problem has not settled yet and if this country is really used sanctions by Security Council of the United Nations, oil prices will return to historical peaks.

While June futures for the American light oil are quoted at $70.01 for barrel.

As a result Dow-Jones index of New York stock exchange grew 38.58 points and was closed at a level 11438.86. NASDAQ index was up 19.93 points and is at a level 2323.90. S&P 500 index rose 4.40 points and is at a level 1312.25.

And 30-year US Treasury notes’ yield fell 0.001 in comparison with the previous closing and makes 5.235.

As a result despite powerful growth of key indexes we recommend to wait for descending correction of key indexes, being outside the market. Only after end of correction there are possible new purchases of futures for Dow-Jones and S&P 500 indexes.