Caution is in the air on Wall Street as a very bullish June begins to draw to a close, with
pointing to a near flatline open. The Dow posted a small gain Monday, chalking up its fifth gain in six sessions. It now sits 100 points below its all-time closing high. . The Dow is having its best June since 1938; the S&P 500 since 1955. by Chicago-based biotech AbbVie in a cash and stock deal worth $63 billion. The per-share offer is a 45% premium to Allergan's Monday close of over $129. AbbVie shares were off about 8%. , starting at 9 a.m.
Home builder Lennar and financial information provider FactSet are out with quarterly earnings before the opening bell on Wall Street. FedEx and Micron Technology issue numbers after the closed., saying it should not be held liable if it inadvertently ships products that violate a Trump administration ban on exports involving some Chinese companies. The lawsuit comes after FedEx ignited Chinese ire over a Huawei phone sent to the U.S. being returned last week to its sender in Britain.
Won't watch SquawkCNBC as long as Kernan is there. He belongs on another network.
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