Stocks Finish Choppy Session | Closing Bell

Market Performance & Trends - Small and mid-cap stocks outperformed large-cap stocks [3] - KBW Bank Index rose approximately 15%, indicating bank stock outperformance, driven by speculation of increased buybacks and dividends after Fed stress tests [3][4] - Window dressing occurred in the last couple of days, leading to a period of calm on July 1st [4][5] - Transports added 3%, and S&P 400 midcaps added 12% [7] - Nine sectors in the S&P 500 finished in the green, with materials up 225% and healthcare up 14% [8][9] - Technology sector declined by 11%, and communication services also experienced declines [9] - Auto stocks (excluding Tesla) showed strength, with GM up 6%, and casino companies like Las Vegas Sands, Wynn, and Melco moved higher due to new data from Macau [14] Individual Company Highlights - A T Lifesciences, a psychedelic drug developer, saw shares rise nearly 24% after a mid-stage trial of its experimental therapy for treatment-resistant depression met all key endpoints; stock is up 109% year-to-date [10][11] - A gold and silver producer experienced a share jump of approximately 13-14% after Roth Capital Partners raised the price target to $15 from $12 [12] - AGCO, a tractor manufacturer, finished the day up nearly 5% after resolving disputes with its largest shareholder [13] - Nike was up about 3% following an upgrade from Argus, indicating a recovery is underway [13] - Tesla's stock declined for six consecutive days, falling almost 14% [15] - Warner Brothers Discovery shares were down 4-45% after Newhouse sold 100 million shares for approximately $11 billion [17] Economic Factors & Insights - Shorter-term yields moved higher by 5 to 6 basis points on the two-year yield, driven by a rethink of bets on Fed rate cuts due to potentially strong jobs data [21][22] - MicroStrategy is set to register an unrealized gain of $14 billion in the second quarter [19] - Constellation Brands' comp sales were in line at 322% for the fiscal first quarter, but net sales and wine/spirits sales missed expectations; total beer operating income dropped by about 54%, with shares down about 3% in after-hours trading and nearly 25% year-to-date [26][27][28]