Friday trade on stock market was marked by achievement by key indexes of new historical tops.

Last statistical data which brought doubts in prospects of FRS further steps concerning change of rates, have inspired investors on new purchases, reducing chances of drop in FRS rate.

The market’s players came to conclusion that to finish a cycle of monetary policy-firming FRS should slow down inflation more considerably, that pushed players to new purchases.

So, the price index of personal spending except for food and energy prices in the USA for August made +0.2 % for a month, +2.5 % for a year. We remind that the previous value made +0.1 % for a month, +2.4 % for a year.

Thus, annual value of the given indicator while continues to remain above the top border of a so-called acceptable zone for the Federal Reserve of the USA, and is maximal since January, 1995.

Besides Chicago Purchasing Managers' Index in the USA made 62.1 for September, at the forecast 56.5, and the previous value 57.1. Value of the parameter was maximal for a year.

Thus employment decreased in September up to 50.8 points from 55.1 points in July, new orders grew up to 67.3 points from 59.6 points, price index decreased to 69.8 points from 75.2 points.

Let's notice that value of the index above 50 points means activity in sector, below - recession.

The index of a business climate calculated by National Association of Purchasing Managers in New York, rose up to 421.0 points in September, 2006 from 416.8 points in August.

The index keeps growing since November, 2005.

Final value of University of Michigan Consumer Sentiment Index in the USA made 85.4 for September, at the forecast 84.4, and the previous value 84.4.The given indicator also exceeded the expected levels.

At yesterday's before trading session Hewlett-Packard papers rose in price about 1,5 % as corporate investors have apprehended positively results of hearings in the Congress of the USA about last changes in a company management on the eve.

But leaders of yesterday's growth were shares Global Payments Inc. and Research In Motion. So, Global Payments Inc. informed that last accounting quarter its profit was up 35 % owing to growth of proceeds.

The company, rendering services on processing of electronic transactions, declared about profit of $41,5 million at proceeds $260,3 million in comparison with $30,7 million at proceeds $224,5 million in the given quarter, 2005.

The profit for a share made 51 cents against 38 cents a year ago. At morning tenders the quotations of Global Payments papers raised more than 10 %.

And Research In Motion announced financial quarter results. For last three accounting months the company’s profit made 74 cents for a share at proceeds $658,5 million.

According to Thomson First Call, analysts forecast profit of 71 cents for a share at proceeds $644 million. The company noticed that the given figures do not reflect results of the investigation connected with issue of options for shares.

However, the company considers that they will not influence on financial results. In addition the company informed that in the third quarter the profit of 88 - 95 cents for a share is expected. The given forecast exceeds the current forecast of analysts, which makes 78 cents.

As a result, even before opening of the basic tenders, papers of the company jumped up more than 15 %. Thus, on Thursday the price of closing made $86,06 for a share.

As a result Dow-Jones index of New York stock exchange fell 39.38 points and was closed at a level 11679.07. NASDAQ index dipped 11.59 points and is at a level 2258.43. S&P 500 index dropped 3.30 points and is at a level 1335.85.

And 30-years US Treasury notes’ yield did not change in comparison with the previous closing and makes 4.767.

Key stock indexes again reached historically record levels. Taking into account the importance of these levels, we recommend to keep a waiting position as the probability of descending correction from them is very big.