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Reports: Weekly mortgage applications
Local earnings: Westell Technologies
Other earnings: Gymboee Corp., Hormel Foods Corp., Lowe’s Cos. Inc., Michaels Stores Inc., PetSmart Inc., Raymond James Financial Inc., Target Corp., Tiffany & Co.
Of note: FOMC minutes from April meeting, Fed’s Kocherlakota speaks on monetary policy, Fed’s George speaks on economy and banking, Fed Chair Yellen gives commencement address at NYU
