This comes a day after AMD cut its sales outlook, hurt by disappointing sales in China and Europe. In addition, at least eight brokerages lowered their price target on the company.
Google is close to paying $22.5 million to settle charges that it bypassed the privacy settings of customers using Apple's Safari browser, according to reports. Meanwhile, BMO raised its price target on the iPad maker to $700 from $695.
Intel will be acquiring a 15 percent stakein microchip maker ASML for $4 billion and fund the Dutch company's research into next-generation chipmaking technology.
Bankrupt aircraft maker Hawker Beechcraft, owned by GoldmanSachs and Onex, said it is in exclusive talks with a little-known Chinese aerospace firm over a $1.79 billion takeover, an offer that may flush out higher bids from other parties.
And United Technologies announced that its Sikorsky Aircraft unit had signed a five-year, $8.5 billion contract to build 653 H-60 Black Hawk and Seahawk helicopters for the U.S. Army and Navy. Meanwhile, Nomura cut its price target on the firm to $95 from $90.
Mako Surgical plunged almost 40 percent after the company posted lower-than-expected sales of its surgical robot for the second quarter in a row and cut its revenue forecast for the full year.
On the economic front, small business optimism dropped sharply in Junefor the second-straight month, according to the National Federation of Independent Business, with businesses downbeat on sales, profits and hiring.
The government is scheduled to auction $32 billion in 3-year notes with the results available shortly after 1pm ET.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: 3-yr note auction, RIM annual mtg
WEDNESDAY: Weekly mortgage apps, international trade, wholesale trade, oil inventories, 10-yr note auction, FOMC minutes; Earnings from Marriott, Chevron interim results
THURSDAY: Jobless claims, import & export prices, Fed Pres Williams speaks, 30-yr bond auction, Treasury budget, Facebook hearing; Earnings from Fastenal
FRIDAY: PPI, consumer sentiment, Fed pres Lockhart speaks, Dell shareholders mtg; Earnings from JPMorgan, Wells Fargo
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