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Visit us online at http://www.cnbc.com/mm.html To cancel or change your subscription options, please follow the instructions at the end of this message. ----------------------ADVERTISEMENT----------------------- You can be in the forefront of golf excitement and help support cancer research at The Instinet Classic SENIOR PGA TOUR Event, June 11-17. Call 877-GOLF-449 TODAY for tickets. For more information, go to http://www.cnbc.com/common/redirect.html?ReferrerID=MMT601&;site=http://www.instinetclassic.com Instinet and the Instinet Classic are service marks of Instinet Corporation and its affiliated companies. Member NASD/SIPC. ---------------------------------------------------------- Good evening! Here is your Money Mail for Friday, June 1. BUZZ AT THE BELL Confused investors staged a two-act play Friday. First, they scrambled to react to confusing reports on labor conditions and manufacturing. U.S. companies cut fewer jobs last month than anticipated while activity at factories slumped further. The manufacturing figures are roughly in line with other recent factory readings, but the jobs release is a head-scratcher -- and that's why major indexes bounced up and down in a tight range much of Friday. But sometime after lunch, investors began to bid up key stocks and the major indexes followed. The Dow Jones industrial average ended up 78 points at 10,990. The Nasdaq Composite index gained 39 to close out the week at 2149. The S&P 500 ended up 5 at 1261. Optimism has resurfaced that perhaps the worst is over for technology stocks. Intel, Microsoft and Oracle advanced. Novellus and Flextronics affirmed that their earnings would fulfill current expectations, and shares of both companies jumped more than 5 percent. (Sometimes "poor visibility" turns out okay. Just keep your guard up -- second-quarter confessionals are starting to roll in.) Perhaps short-term money should head for the beach and leave stock picking to the folks looking ahead six to 12 months, or longer. Surely there are bargains ready to pop, but finding them has never been tougher. Dean Patterson Stocks Editor, CNBC.com MAJOR INDEXES AND VOLUMES Next button, choose semicolon as your Delimiter, and then Finish. * Dow Jones Industrials: 10,990.41, up 78.47 or 0.72% * Dow Jones Transports: 2,887.05, down 58.85 or 2.00% * Dow Jones Utilities: 389.52, down 3.70 or 0.94% * S&P 500: 1,260.67, up 4.85 or 0.39% * NASDAQ Composite Index: 2,149.44, up 38.95 or 1.85% * Russell 2000: 501.72, up 5.22 or 1.05% * FTSE: 5,809.60, down 3.30 or 0.06% * NIKKEI: 13,261.84, down 0.30 or 0.00% * Ten-Year Treasury Note Yield: 5.40% * NYSE volume (preliminary): 1 billion shares * Nasdaq volume (preliminary): 1.5 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: MONDAY Next week's calendar is devoid of economic reports that will matter five minutes after they hit the tape. Amazon.com talks to analysts on Tuesday -- keep an eye on that. And look for a little craziness in small-caps in coming days. The Russell 2000 index gets its annual reset on July 1, based on market caps as of May 31. Could be a little scramble to front-run the indexed fund managers who have to buy the new kids on the block. STOCKS * Amazon's Jungle of Debt, More Upside Seen in Drillers * Amazon meets with analysts on Tuesday. Can it explain its balance sheet? http://www.cnbc.com/010601plotkin-stocks.html?ReferrerID=MM ----------------------ADVERTISEMENT----------------------- "Missed it on CNBC TV? Find it on the CNBC Wire! Before each opening bell and after each day's close, CNBC.com brings you the market standouts, stock picks and personalities of CNBC TV, translated for the Web. Stay on top of the market -- and the market movers -- with the CNBC Wire." http://www.cnbc.com/common/redirect.html?ReferrerID=MMB601&;site=http://www.cnbc.com/news/wire/wireindex.html ---------------------------------------------------------- MONDAY ON CNBC * Loews Corp. Co-Chairman Larry Tisch guest hosts Squawk Box * To view the latest CNBC guest list: http://www.cnbc.com/cnbctv/shows/guestlist.html?ReferrerID=MM HOTSPOTS ON CNBC.COM * CNBC Store: http://www.cnbc.com/common/redirect.html?ReferrerID=MM&;site=http://service.bfast.com/bfast/click?bfmid=1064298%26siteid=36208939%26bfpage=cn * Golf Center: http://www.cnbc.com/worklife/lifestyle/golf.html?ReferrerID=MM * Loan Center: http://www.cnbc.com/finance/loan/index.html?ReferrerID=MM * Message Boards: http://www.cnbc.com/community/index.html?ReferrerID=MM * Small Business Center: http://www.cnbc.com/finance/smallbiz/index.html?ReferrerID=MM * Your Portfolio: http://www.cnbc.com/portfolio/defaultscreen.html?ReferrerID=MM Please do not reply to this email. It is sent from an unmonitored address. To cancel or change your subscription options, please go to our Money Mail FAQ page (http://www.cnbc.com/hlp/moneymailhelp.html) and follow the instructions. 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