After three days of trade in a rigid corridor last week, on Monday the American stock market finished session with reduction.

Let's remind that after almost two-monthly up rally, we still expect significant descending correction of key indexes.

Economists notice, that results of the third quarter, which ended last week, were the best for last decade.

Basic exchange indicator Dow Jones Industrial Average after several days of ineffectual attempts could not achieve a historical maximum.

And analysts consider inexpressive last macroeconomic indicators as the reason of unwillingness of key indexes to the further growth.

So, industrial index ISM dipped below expectations to 52,9 points against 54,5 points in August. And construction spending in August increased slightly 0,3 % after reduction of 1 % according to refined data a month earlier.

From corporate news investors paid attention to Apple Computers, which quotations lost 2,8 % of cost after downturn of recommendations on the company up to a level "to hold", given by the largest financial institution in the USA Citigroup.

After unexpected development of evidentiary hearings against contestant firm Broadcom, shares of the largest manufacturer of microchips and the equipment for the telecommunication industry Qualcomm fell 4,6 %.

Unconditional leaders of growth became yesterday shares of research biopharmaceutical firm Myogen, which after news about its absorption by larger pharmaceutical company Gilead Sciences for $2,5 billion at the rate of $52,50 for a share, hiked 46,6 %, having risen up to a mark $51,44.

Myogen attracted attention by creation of a new vasodilator - ambrisentan, containing active components, having the same influence on the organism as well-known Viagra.

Analysts forecast volume of sales of a new preparation at the sum of $1 billion a year.

Positive article about prospects of development of the manufacturer of office technical equipment Hewlett-Packard Co., published in the financial weekly journal Barron’s, was one of the main reasons of growth of its papers by +2,6 %, or by $0,97 to $37,66 for a share.

The indexes were under pressure of decreasing shares of the largest world network of hyper-markets Wal-Mart Stores Inc. which lost -1,8 %, having fallen $0,88 up to a level $48,44 for a share.

Let's remind that last weekend the company informed on that sales in September grew 1,8 % in comparison with September, 2005. The investors expected from Wal-Mart the best results and not having seen them, started to sell intensively shares of the company.

As a result Dow-Jones index of New York stock exchange was down 8.72 points and is at a level 11670.35. NASDAQ index dipped 20.83 points and is at a level 2237.60. S&P 500 index dropped 4.48 points and is at a level 1331.37.

And 30-years US Treasury notes’ yield fell 0.006 in comparison with the previous closing and makes 4.761.

As a result we, still, recommend, being outside the market, to wait for drop in key indexes. Only after that there are possible long-term purchases of futures for Dow-Jones and S&P 500 indexes.