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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----------------------- SAVE up to 75% on Life Insurance. FREE instant Quotes from top-rated insurance companies. Stop paying too much and visit ReliaQuote, rated #1 Life Insurance Service on the Internet! http://www.cnbc.com/common/redirect.html?ReferrerID=MMT531&;site=http://www.reliaquote.com/termlife/default.asp?sourceid=0290000001000000053 ---------------------------------------------------------- Good evening! Here is your Money Mail for Thursday, May 31. BUZZ AT THE BELL Bargain hunters made a comeback try today, but all three major indexes are still down four days out of the past six. Recall that only a week ago, we toasted the Nasdaq Composite's sixth straight higher close. That was 200 points ago. Investors initially bid stocks sharply higher Thursday, snapping up shares beaten down in Wednesday's selloff. But their stamina failed before a serious attempt at last week's summit could be mounted. Only the Nasdaq Composite managed a significant move. It climbed 26 points, or 1.3 percent, to 2,111. The Dow Jones industrial average rose 39 to 10,912 and the Standard & Poor's 500 edged up 8 points to 1,256 -- fractional advances for both. One hitch might have been this morning's report on weekly unemployment claims. The government says initial jobless filings rose for a third straight week, while a measure of ongoing claims hit a seven-and-a-half-year high. Stocks usually brush off these erratic weekly labor figures. But it's hard to ignore bad news three weeks straight. Adding to economic concerns, a survey of Chicago-region purchasing managers showed factory activity at recession-esque levels in May. That's another hint recovery could be further off than any of us would like to think. But check your portfolio before you get start feeling too negative. About two-thirds of S&P 500 stocks rose today, led by those of cellular-phone companies, photographic-products firms and health care providers. Among the biggest losers were publishers, insurance brokers, restaurants and precious-metals miners. Scott Gerlach Managing Editor, CNBC.com MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 10,911.94, up 39.30 or 0.36% * Dow Jones Transports: 2,945.90, up 44.29 or 1.53% * Dow Jones Utilities: 393.22, up 4.75 or 1.22% * S&P 500: 1,255.82, up 7.74 or 0.62% * NASDAQ Composite Index: 2,110.50, up 26.00 or 1.25% * Russell 2000: 496.50, up 2.54 or 0.51% * FTSE: 5,812.90, up 9.00 or 0.16% * NIKKEI: 13,262.14, down 231.21 or 1.71% * Ten-Year Treasury Note Yield: 5.39% * NYSE volume (preliminary): 1.1 billion shares * Nasdaq volume (preliminary): 1.8 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: FRIDAY Brace yourself for some bad news. Those weekly jobless claims figures that have been sliding of late are about to get backed up by another weak monthly employment report. Forecasters think the economy lost about 90,000 jobs in May, and they expect the unemployment rate to tick up to 4.6 percent. These numbers probably are priced into the market already, so don't expect the bottom to fall out -- unless the forecasts prove optimistic. ECONOMIC CALENDAR *Nonfarm payrolls for May, forecast: -90,000. *Unemployment rate for May, forecast: 4.6 percent. *Average hourly wage for May, forecast: +0.3 percent. *NAPM manufacturing index for May, forecast: 43.7. STOCKS * Technical Analysis Mailbag * Given recent bearish action, the Nasdaq and S&P 500 could see more downside. http://www.cnbc.com/010531stevens-stocks.html?ReferrerID=MM ----------------------ADVERTISEMENT----------------------- GE Prepaid Offers Great Rates On Long Distance. Only 10c per minute! Kids away at camp... Family at the beach... Traveling on business... GE Prepaid Virtual Phone Cards is a terrific way to keep in touch with family and friends. Only 10c per minute for all calls in the US. Buy a GE Prepaid Virtual Phone Card online and start saving NOW!. Just click here: http://www.cnbc.com/common/redirect.html?ReferrerID=MMB531&;site=http://www.geprepaid.com/indexPP.jsp?WhoAmI=CNBC ---------------------------------------------------------- TOMORROW ON CNBC * Squawk Box Guest Host: Lawrence Kudlow, CNBC Economics Commentator * 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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