Message-ID: <3711717.1075845164328.JavaMail.evans@thyme> Date: Thu, 7 Jun 2001 15:24:35 -0700 (PDT) From: money_mail@mail.cnbc.com To: shendri@ect.enron.com Subject: Chasing Chips Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: @ENRON X-To: shendri@ect.enron.com X-cc: X-bcc: X-Folder: \Hendrickson, Scott\Hendrickson, Scott\Deleted Items X-Origin: HENDRICKSON-S X-FileName: Hendrickson, Scott.pst Money Mail from CNBC 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----------------------- TRADE IN THE SHADE Summer outdoor activities shouldn't keep you from trading online. Try wireless trading on Mydiscountbroker.com (member NASD/SIPC). The ONLY fees you pay are to the web-access provider for your wireless device and $12 for any equity trade (up to 5,000 shares), including limit orders. http://www.cnbc.com/common/redirect.html?ReferrerID=MMT1607&site=http://www.mydiscountbroker.com/swireless.asp?menu=serviceswireless ---------------------------------------------------------- Good evening! Here is your Money Mail for Thursday, June 7. BUZZ AT THE BELL The vagaries of semiconductor supply and demand once again drove stock trading -- this time to the delight of chip-stock investors. Thanks to a positive profit spin from National Semiconductor, stocks of companies that make chips and chip equipment soared. The Nasdaq Composite rose 2.1 percent, climbing 46 to 2,264. The Dow Jones industrials and Standard & Poor's 500 closed fractionally higher. But shares in the semiconductor sector jumped more than 6 percent after National Semi, despite reporting a quarterly loss, projected better sales in the months ahead. The chip maker pointed out that its clients' semiconductor inventories have plummeted, suggesting they'll need to bump up their orders sometime soon. National Semi shares surged 11 percent to 31.04, while sector heavyweight Intel climbed 4.5 percent and Applied Micro Devices rose 6.7 percent. Chip makers' gains spread cheer to other corners of the technology arena. Computer networkers jumped 5 percent, propelled by a 5.1-percent gain in Cisco shares, and makers of electronic instruments rose 3.3 percent. About half of S&P industry groups advanced. Among the biggest decliners were tobacco stocks, defense contractors and photo-imaging companies. Shares of the most widely held companies generally rose, except for modest declines in International Business Machines, AOL TimeWarner, and Citigroup. Overall trading volume was light. Scott Gerlach Managing Editor, CNBC.com MAJOR INDEXES AND VOLUMES * Dow Jones Industrials: 11,090.67, up 20.43 or 0.18% * Dow Jones Transports: 2,916.30, up 17.91 or 0.62% * Dow Jones Utilities: 369.53, down 3.12 or 0.84% * S&P 500: 1,276.95, up 6.92 or 0.54% * NASDAQ Composite Index: 2,263.93, up 46.20 or 2.08% * Russell 2000: 514.77, up 2.19 or 0.43% * FTSE: 5,909.40, down 10.60 or 0.18% * NIKKEI: 13,277.51, up 102.67 or 0.78% * Ten-Year Treasury Note Yield: 5.28%, up 0.01 or 0.19% * NYSE volume (preliminary): 1.09 billion shares * Nasdaq volume (preliminary): 1.64 billion shares * To see our complete U.S. index list, http://www.cnbc.com/news/markets/world.html?ReferrerID=MM SCOUTING REPORT: FRIDAY Investors on Friday will likely focus on what Intel tells analysts in its mid-quarter update Thursday night. The first-quarter earnings calendar has just about played out, although a few conference calls are set for Friday. Zions Bancorp. and Harnischfeger Industries are two expected to talk to analysts and investors. There are no economic reports due Friday. STOCKS * Pick Resilient Finance Companies * Rate cuts help consumer lenders. Buy the ones set to thrive after the spigot closes. http://www.cnbc.com/common/redirect.html?ReferrerID=MM&site= ----------------------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. 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