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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----------------------- Take dad to watch golf's greats this Father's Day and help support cancer research. Call 877-GOLF-449 TODAY for tickets to The Instinet Classic SENIOR PGA TOUR Event, June 11-17. Go to: http://www.cnbc.com/common/redirect.html?ReferrerID=MMT608&;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 8. BUZZ AT THE BELL Technology worries and technical difficulties conspired to send stocks lower Friday. A profit warning from Juniper Networks deflated telecom-equipment shares, while a computer glitch halted New York Stock Exchange trading for more than an hour. Late in the session, the Nasdaq Composite stood 2.2-percent lower, down 49 to 2,215. The Dow Jones industrial average fell 114 to 10,977 and the Standard & Poor's 500 slipped 12 to 1,265. Shares of Juniper, which designs and sells products in direct competition with networking behemoth Cisco, tumbled more than 18 percent to 38.02. The company said its second-quarter profits would disappoint investors and announced layoffs of between 8 and 9 percent of its staff. Cisco fell 6.1 percent and Redback Networks slid 7.6 percent to put a red exclamation point on a volatile week. Many chip stocks also fell, partly in sympathy with their networking brethren but also on profit-taking and lingering fears about the future of chip demand. Intel lost 1.5 percent a day after it told analysts profits for its latest quarter would be about what the company expected in its last forecast. (Intel shares still finished up more than 7 percent for the week.) National Semiconductor fell 6.2 percent, but Advanced Micro Devices, Intel's biggest rival in the microprocessor business, actually rose 2.7 percent. Computer peripherals, cellular-phone companies and specialty manufacturers rounded out the day's biggest losers. Few sectors made any impressive headway. Gold stocks jumped 4.6 percent but other gainers were up less than 2 percent. Scott Gerlach Managing Editor, CNBC.com MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 10,977.00, down 113.74 or 1.03% * Dow Jones Transports: 2,882.09, down 34.21 or 1.17% * Dow Jones Utilities: 373.26, up 3.73 or 1.01% * S&P 500: 1,264.98, down 11.98 or 0.94% * NASDAQ Composite Index: 2,215.07, down 48.93 or 2.16% * Russell 2000: 511.64, down 3.13 or 0.61% * FTSE: 5,951.50, up 42.10 or 0.71% * NIKKEI: 13,430.22, up 152.71 or 1.15% * Ten-Year Treasury Note Yield: 5.32%, up 0.02 or 0.38% * NYSE volume (preliminary): 724 million shares * Nasdaq volume (preliminary): 1.41 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: NEXT WEEK As punctuated by the Juniper warning, second-quarter confession season has the market in its thrall. Keep a close watch on conference calls and analyst meetings -- you at least get a little warning before them. But there's no way to brace for those pure, bolt-from-the-blue profit warnings sure to come in the weeks ahead. Economically speaking, inflation figures top next week's calendar. The producer and consumer price indexes will be released Thursday and Friday, respectively. Inflation has become a back-burner issue, something the Federal Reserve seems unconcerned about. But do keep an eye on precious-metals stocks, which have risen in recent weeks (though fallen back a bit lately). Rallying gold stocks sometimes hint that investors are betting on an inflation pickup. ECONOMIC CALENDAR: Wednesday *Retail sales for May, forecast: +0.2 percent Thursday *Producer price index for May, forecast: +0.2 percent *Weekly jobless claims, forecast: +410,000 Friday *Consumer price index for May, forecast: +0.3 percent STOCKS * Intel's Visibility Only Half the Battle * Investors applauded the chip giant's forecasting prowess this week. But analysts say profit growth needs to pick up. http://www.cnbc.com/010608plotkin-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=MMB608&;site=http://www.reliaquote.com/termlife/default.asp?sourceid=0290000001000000053 ---------------------------------------------------------- MONDAY ON CNBC * Squawk Box Guest Host: Jack Rivkin, executive vice president, Citigroup Investments * 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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