Juniper Networks climbed after the data network equipment maker announced a stock buyback of up to $1 billion.
Apple edged higher after Canaccord Genuity raised its price target on the tech giant to $800 from $775. The upgrade comes a day after Apple's annual Worldwide Developers Conferencelargely failed to impress investors, even after the company unveiled its next-generation MacBook Air and MacBook Pro laptops in addition to a new version of its mobile operating system, iOS 6.
The government is expected to auction $32 billion in 3-year notes, with the results available shortly after 1 pm ET.
And the Treasury’s monthly budget for May is expected at 2pm ET. Economists polled by Briefing.com forecast a $125 billion deficit, against a $57.6 billion deficit in April.
At 11:30 am ET, Fed Governor Daniel Tarullo will give a speech at the Federal Reserve Bank of San Francisco about shadow banking.
The National Federation of Independent Business Small Business Optimism Index for May showed a slight decline amid the political and economic uncertainty.
—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: Fed Gov. Tarullo speaks, 3-yr note auction, GM shareholders mtg
WEDNESDAY: Weekly mortgage apps, PPI, retail sales, business inventories, oil inventories, 10-yr note auction, OPEC mtg, Caterpillar shareholders mtg, Dimon testifies before Senate
THURSDAY: CPI, jobless claims, current account, 30-yr bond auction, AOL shareholders mtg; Earnings from Kroger, Smithfield Foods, Pier 1 Imports
FRIDAY: Empire state mfg survey, treasury int'l capital, industrial production, consumer sentiment, credit card default rates reported, quadruple witching
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