MU earnings smash expectations; Mixed May PCE reading, cool headline M/M, headline & core Y/Y hot; Q1 GDP Final beats; US initial jobless claims fall, continued claims rise; US Durable Goods decline less than expected; AAPL announces Mac & iPad price hikes amid memory price surge; US banks announce dividend raises and share buybacks after the Fed's stress tests; Average 7yr US auction.

MU earnings smash expectations; Mixed May PCE reading, cool headline M/M, headline & core Y/Y hot; Q1 GDP Final beats; US initial jobless claims fall, continued claims rise; US…

Oil prices rebounded following recent declines and after attacked a Singapore-flagged cargo ship in the Strait of Hormuz.