WHAT FEDEX DELIVERED: A glum outlook for the economy. The big package delivery company said it's seeing recession-like conditions. Still, after recovering from a morning dip, stocks barely moved.
APPLE $700: The iPhone maker topped $700 per share for the first time, closing at $701.9. Apple shares have risen more than 19 percent in three months.
WHAT'S NEXT: Data on housing starts and existing home sales will be released Wednesday.