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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----------------------- Buy Stocks For Just $3! ShareBuilder lets you make dollar-based investments in the stocks and index funds you choose. There are no minimums and the cost is just $3 per transaction! Get started with ShareBuilder today! Click here for full details, including fees: http://www.cnbc.com/common/redirect.html?ReferrerID=MMT606&;site=http://cnbc.sharebuilder.com ---------------------------------------------------------- Good evening! Here is your Money Mail for Wednesday, June 6. BUZZ AT THE BELL A day after upbeat profit forecasts lifted stocks, a couple of earnings warnings knocked them back down. J.P. Morgan Chase and Hewlett-Packard -- two members of the Dow Jones industrials -- both projected difficult business conditions in the quarters ahead. J.P Morgan Chase fell 3.4 percent after warning of lower trading revenue, and H-P shares dipped 4.5 percent after the company said the global technology slowdown could persist for some time. Other financial and computer stocks fell in sympathy. Their losses helped drag the Dow down 106, or 0.9 percent, to 11,070. More broadly, the Nasdaq Composite fell 16 to 2,218 and the Standard & Poor's 500 slipped 14 to 1,270. Energy stocks lost ground thanks to news that U.S. inventories of crude oil and gasoline rose sharply in the latest week. The weekly update from the American Petroleum Institute showed a 3.4-million-barrel increase in crude stocks and led prices of both gas and oil lower. Exxon-Mobil shares fell 2.3 percent to 89.40, accounting for about 13 Dow index points. Oil drillers, natural-gas producers and refiners all saw their share prices decline. Fewer than a third of S&P industry groups posted gains Wednesday, and those that rose generally advanced 2 percent or less. Health care companies, defense stocks, consumer-products makers and electronics retailers did best. Scott Gerlach Managing Editor, CNBC.com MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 11,070.24, down 105.60 or 0.94% * Dow Jones Transports: 2,898.39, down 19.03 or 0.65% * Dow Jones Utilities: 372.65, down 9.06 or 2.37% * S&P 500: 1,270.03, down 13.54 or 1.05% * NASDAQ Composite Index: 2,217.73, down 15.93 or 0.71% * Russell 2000: 512.58, down 3.90 or 0.76% * FTSE: 5,920.00, up 437.70 or 7.98% * NIKKEI: 13,174.84, down 7.16 or 0.05% * Ten-Year Treasury Note Yield: 5.28, down 0.01 or 0.19% * NYSE volume (preliminary): 1.06 billion shares * Nasdaq volume (preliminary): 1.76 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: THURSDAY Consumer credit, jobless claims, wholesale inventories. Think you can find trading inspiration in any of these economic reports? Probably not. Just keep your eyes peeled for profit warnings -- second-quarter confessions have only just begun. ECONOMIC CALENDAR: *Consumer credit for April, forecast: +$10 billion *Weekly jobless claims, forecast: 430,000 *Wholesale inventories for April, forecast: -0.1 percent STOCKS * Envision the Tech Rebound * Investors should worry more about predicting the evolution of tech than market timing. http://www.cnbc.com/010606plotkin-stocks.html?ReferrerID=MM * Stevens on Technical Analysis * The stock market still has a bullish technical outlook. Uptrend appears still intact. http://www.cnbc.com/010606stevens-stocks.html?ReferrerID=MM ----------------------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=MMB606&;site=http://www.reliaquote.com/termlife/default.asp?sourceid=0290000001000000053 ---------------------------------------------------------- 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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