Updated from 6:48 a.m. EDT
Here are 10 things you should know for Tuesday, June 3:
1. -- U.S. stock futures were pointing to a lower start on Tuesday as global stocks traded mixed.
European stocks declined. The European Union's statistics agency said that inflation in the eurozone was a lower-than-expected 0.5%, down from 0.7% in April.
Stocks in Asia closed mostly higher.
2. -- The economic calendar in the U.S. on Tuesday includes factory orders for April at 10 a.m. EDT.
3. -- U.S. stocks on Monday finished mixed with the S&P 500 and Dow Jones Industrial Average managing to cling onto miniscule gains to close at fresh highs.
The S&P 500 finished up 0.07% to 1,924.97 and the Dow rose 0.16% to 16,743.63. The Nasdaq slipped by 0.13% to 4,237.20.
4. -- The board of Hillshire Brands (HSH) has decided to hold talks with Pilgrim's Pride (PPC) and Tyson Foods (TSN), the maker of Jimmy Dean sausages said Tuesday.
Pilgrim's Pride raised its offer for Hillshire Brands by more than $1 billion to more than $6.7 billion, or $55 a share. That offer for Hillshire, which makes Jimmy Dean sausages and Sara Lee cheesecakes, trumps a $50-a-share offer for Hillshire on Thursday from Tyson. Pilgrim had made an offer on May 27 of $45 a share for Hillshire.
Hillshire shares were up 8.4% in premarket trading to $58.05.
5. -- With no new hardware products but a major overhaul of its desktop and mobile operating system, Apple (AAPL) is laying the foundation for a big second half of the year.