U.S. stocks ended the second quarter on a positive note, as prices bounced around as the headlines continued to come out of Greece. At the closing bell, the Dow Jones Industrial Average gained 0.1%, the S&P 500 added 0.3% and the Nasdaq Composite moved 0.6% higher. Energy names were the big gainers of the session, while telecom stocks lagged.
Juno Therapeutics (JUNO) was the big winner of the session, gaining 15% after receiving a $1 billion investment from Celgene (CELG). Fitbit (BIT) also gained 14% after RBC Capital started coverage of the company with an Outperform rating and $45 price target. On the other hand, Apollo Education (APOL) fell 17% on a lower earnings outlook.
Looking ahead to Wednesday morning, Constellation Brands (STZ), General Mills (GIS) and Paychex (PAYX) headline the earnings calendar. On the economic front, we'll get a look at jobs data previews from ADP and Challenger before the opening bell.
Earnings season kicks off July 8 with Alcoa (AA). S&P Capital IQ is predicting a 4.35% decline in second-quarter earnings from the previous year, led by a 63% drop in energy profits. Health care and consumer discretionary names are expected to lead the way with 6%-plus earnings growth.