The beginning of trading session on Wednesday, on 18-th of October, confused many investors. After hike of quotations of key indexes at opening of tenders and establishments of new historical tops moods of players changed cardinally and the market got in a jet of sales.

The main reasons of so sharp change of investors’ moods became unexpected data on consumer prices in the USA for September, and also the data, reflecting a situation in building sector of the American economy.

Additional reason in favor of sales became disappointing reports of leaders of technological sector Yahoo and Motorola companies.

Let's remind that papers of Internet searcher Yahoo!, having lost yesterday -4,8 % of cost, and having decreased $1,16, were closed at a mark $22,99 for a share.

The reason for sales became the report, which showed decrease of the profit by 37 % in the third quarter 2006 in comparison with result of the third quarter of the last year. Thus the forecast of sales of the fourth quarter was below average forecasts of experts.

And Motorola papers fell in price -4,9 % yesterday after the company informed on falling of profit by 45 % and growth of sales by 17 % that was less than experts’ forecasts.

Besides the company informed that the proceeds of the fourth quarter also could be below analysts’ forecasts.

On results of the tenders shares dropped $1,21 up to $23,64.

The further decrease in key indexes was prevented by extremely positive reports of investment bank Piper Jaffray, which informed that the profit of the third quarter decreased 12 % up to $0,50 for a share, however surpassed average expectations of analysts by 5 cents.

And though the company’s proceeds were down 3 % up to $124,6 million, yesterday shares of the company added at once +11,99 %, having risen in price $7,45 up to $69,62 for a share.

And the leader of growth yesterday became quotations of Illumina company after reports of the manufacturer of systems of the analysis of the genetic information exceeded economists’ forecasts, and also raised expected results of the fourth quarter. Growth of shares made +19 %.

Let's remind that the report demonstrated growth of incomes by 39 cents for a share in comparison with losses of 3 cents a year ago. Thus experts expected profit about 16 cents for a share.

Sales were up 174 % to $37,3 million. In the fourth quarter the company forecasts profit in area of 31 cents for a share, and analysts - about 18 cents.

On results of the tenders shares dipped $7,14 to a level of six –years tops - $43,78.

Besides development of the further sales was prevented by positive news about oil and mineral oil stocks by results of the last week.

Let's remind that oil futures fell in price at the tenders on Wednesday after the US EIA report showed increase in oil stocks more than 5 million barrels.

As a result November oil future fell $1,28 and was closed at a level $57,65 a barrel.

As a result Dow-Jones index of New York stock exchange was up 42.66 points and was closed at a level 11992.68. NASDAQ index was down 7.80 points and is at a level 2337.15. S&P 500 index rose 1.91 point and is at a level 1365.96.

And 30-years US Treasury notes’ yield fell 0.019 in comparison with the previous closing and makes 4.892.

We recommend to wait for more significant correction then there is possible purchase of futures for Dow-Jones and S&P 500 indexes.