The first day of the tenders in November was marked by significant decrease in key share indexes. In opinion of many experts after continuous two-monthly growth and the whole series of historical records of the oldest exchange indicator of Dow-Johns, the American stock market looks outbid enough, and requires significant correction.

Let's remind that a fundamental occasion for the beginning of drop in indexes became weak data on industrial index ISM and recession of building branch.

So, ISM index in the USA in October fell to 51.2, having been below forecasts of economists of 52.5, meanwhile, as in September the index made 52.9.

Experts notice that though the general parameter was below a predicted level, however some components of the report showed growth in comparison with the previous data.

So, index of the paid prices decreased to 47.0 from 61.0 a month earlier, that is connected with falling of gas prices. In the meantime index of new orders also showed reduction - in October its value made 52.1 against 54.2 in September. Thus index of export orders grew up to 57.8 from 55.3. And index of production dropped from 56.1 in September up to 51.9.

Employment index was up to 50.8 from 49.4, that increases positive expectations of employment rise in data of Friday US labor market survey. We also remind that this survey is one of key releases of week, and usually forms the market’s direction the nearest weeks.

Another important indicator, published yesterday, also could not inspire players on purchases. We remind that construction spending index in the USA made -0.3 % for September, at the forecast of 0.0 %. And the previous value was revised from +0.3 % up to 0.0 %.

Key indexes are also under pressure of a situation in energy market. So, the week changes in volumes of oil stocks looked contradictory.

If crude oil stocks increased, petroleum and distillates on the contrary decreased essentially. As a result after significant amplitude of fluctuations oil futures returned to the price of closing of the last day and did not influence on moods of participants of the share market.

As a result oil futures finished trading session with small decrease after data on oil and mineral oil stocks confirmed traders’ expectations about increase of oil stocks and decrease in stocks of mineral oil. December future contract lost $0,02 and was closed at a level $58,71 a barrel.

It is remarkable, but despite drop in quotations of the majority of issuers a lot of the companies, on the contrary, felt rather confidently.

So, the leader of growth were MasterCard Inc. papers , which hiked at once +14,8 %. The company informed on growth of the profit in the third accounting quarter by 82 % owing to the growing proceeds and growth of users and purchases with plastic cards.

For last accounting quarter the profit made $193 million in comparison with $106,1 million a year earlier when the company was private. The proceeds increased 13,9 % up to $902 million from $791,6 million in the third quarter, 2005. According to Thomson Financial, analysts forecast profit for a share in area $1,07 at proceeds $871,2 million.

As a result the quotations hiked $10,97 up to $85,07 for a share.

DreamWorks Animation SKG shares jumped at once +7.03 %. An occasion for purchases of the company’s papers became excellent sales of "Madagascar" DVD, which helped to earn profit in the third accounting quarter, 2006. The profit of the company made $10,5 million (10 cents for a share) in comparison with losses of $700 000 (1 cent for a share}) a year ago.

However the company’s proceeds dipped 36,2 % to $55,6 million from $87,1 million a year earlier.

As a result Dow-Jones index of New York stock exchange was down 49.71 points and was closed at a level 12031.02. NASDAQ index fell 32.36 points and is at a level 2334.35. S&P 500 index dropped 10.13 points and is at a level 1367.81.

And 30-years US Treasury notes’ yield fell 0.042 in comparison with the previous closing and makes 4.677.

We recommend, being outside the market, to wait for greater depth of correction of key indexes.