Earnings & Movers
S&P 500 1 Day Distribution of Returns - Wednesday, June 25
"Instinet analyzed a dozen states as of last Friday had reported record highs in new Covid-19 cases: Florida, Texas, Utah, South Carolina, Nevada, Georgia, Missouri, Montana, Arizona, California, Tennessee and Oklahoma."
"Some job protections due to roll off amid unsteady recovery"
"Bristol-Myers Squibb is telling analysts this week that its pipeline of drugs under development could deliver more sales than anyone expected. In a series of online meetings that started Monday, the drugmaker raised its forecast for the yearly sales it might realize from late-stage candidates from $15 billion to $20 billion beginning in the latter half of the decade."
"The Wirecard scandal serves as a timely warning for regulators that have eased their rules to nurture startups into the next billion-dollar unicorn. Investors need to be extra vigilant too."