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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----------------------- Looking to put your money to work in an unsteady climate? Don't get burned by one stock. Try FOLIO Investing and buy baskets of up to 50 stocks in 1 easy transaction. Buy indexes, sectors, ETFs or analyst's picks. Take advantage of our SPECIAL $14.95 CNBC offer. http://www.cnbc.com/common/redirect.html?ReferrerID=MMT530&;site=http://www.foliofn.com/wsjsp/lp/lp.fsp?id=cnbcpo00020301y ---------------------------------------------------------- Good evening! Here is your Money Mail for Wednesday, May 30. BUZZ AT THE BELL Technology stocks, including Sun Microsystems, led most other stocks on a mass march to the downside on Wednesday. Profit warnings, coupled with thin trading and a lack of buyers, caused most industry groups and shares to decline. Investors are beginning to question the widely held view that economic growth and corporate profits are poised to rebound by the second half of this year, analysts say. The Nasdaq Composite Index ended down 91 points, or 4.2 percent, to 2085. The Standard & Poor's 500 Index fell 20 points, or 1.6 percent, to 1248. The Dow Jones industrial average lost 167, or 1.5 percent, to 10,872. The focal point of the trading day was Sun. Sun closed down 13.8 percent at 16.10. The maker of computer servers warned that its earnings in its fourth quarter will be less than previously expected. It said customers are buying less than anticipated, citing Europe as particularly weak. The news hurt other tech companies. Cisco, Oracle, IBM, and others also fell. The most troubling aspect of the sell off was it touched almost every corner of the market. Energy was the only major industry group that managed to post a gain, which was minimal. Some analysts say investors should take the long-term view when investing this summer. Dean Patterson Stocks Editor, Money Mail MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 10,872.45, down 166.69 or 1.51% * Dow Jones Transports: 2,901.61, down 19.66 or 0.67% * Dow Jones Utilities: 388.47, up 0.64 or 0.17% * S&P 500: 1,248.08, down 19.85 or 1.57% * NASDAQ Composite Index: 2,084.50, down 91.04 or 4.18% * Russell 2000: 493.96, down 8.41 or 1.67% * FTSE: 5,803.90, down 60.00 or 1.02% * NIKKEI: 13,493.35, down 280.54 or 2.04% * Ten-Year Treasury Note Yield: 5.51%, up 0.03 or 0.55% * NYSE volume (preliminary): 1.15 billion shares * Nasdaq volume (preliminary): 1.96 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: THURSDAY The long wait for marguee economic data continues Thursday. With the May jobs report looming on Friday, the help-wanted index and Chicago purchasing managers' index should have little impact. Earnings are nearly done but early warnings are possible from here on out. In thin trading, funny things can happen. STOCKS * What's Next for Microsoft? * Some analysts say Microsoft is near a top. Others see even better days ahead. http://www.cnbc.com/010530plotkin-stocks.html?ReferrerID=MM * Buy Strong Cash Flow * Here are 10 large-cap stocks selling well below what future earnings justify. http://www.cnbc.com/news/stocks/010531sterman-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=MMB530&;site=http://www.cnbc.com/news/wire/wireindex.html ---------------------------------------------------------- TOMORROW ON CNBC * 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. 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