IPOs Filed: None of note.

Secondaries Priced:  None of note.

Notes Priced of note: None of note.

Common Stock filings:  BCEL HTGC CVM DVAX CSOD AKRO ETNB VIR  of note.

Mixed Shelf Offerings: BCEL PSNL LEVL HROW SEAS KRTX CBAY  of note.

Convertible Offering Files:  None of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

None of note.

Misses: 

None of note.

Hourly Action This Past Week: Updated 7/2 Close

News After The Close (In Order)

Nautilus (NLS) looks to sell it Octane Fitness unit.

Rexford Industrial Realty (REXR) buys five industrial properties for $73.2 million.

Texas Governor issues mandate to require mandatory face coverings insider commercial businesses and other public spaces.

Sanofi (SNY) and Regeneron (REGN) provided an updated on Kevzara Phase 3 U.S. trial, did not meet primary and key secondary endpoints for Covid-19.

DXC Technology (DXC) lowered by credit agency on uncertain long term business prospects.

II-VI (IIVI) sees credit agency upgrade equity offering, debt repayment  and takes outlook to stable.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding.

S&P 500 +48  Dow Jones Industrial Average +438 NASDAQ +153  Russell 2000 +40. Fair values are lower.  Asia  and Europe lower. $VIX is lower at 28.45.

Gold lower with silver  and copper higher. WTI Crude Oil lower and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $138.98 from $138.94 with yields at 0.68%.

Positive Sectors On Thursday: Consumer Cyclical, Energy and Materials of note.

Negative Sectors On Thursday: Real Estate of note.

One Month Winners: Technology. Materials and Consumer Cyclical of note.

Three Month Winners: Consumer Cyclical, Technology and Materials of note.

Six Month Winners:  Technology and Consumer Cyclical of note.

Twelve Month Winners: Technology, Healthcare, Consumer Cyclical and Communication Services of note.

Year to Date: Technology, Consumer Cyclical, Healthcare and Communication Services of note.

Gap Up: OBSV +11%, MESO +11%, ASHR +9%, NLS +8%,  MYL +7%, EBS +6%, UBER +5%.

Gap Down: None of note

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close: None of note.

Tuesday Before The Open: PAYX of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

Rags & Mags: Highlighted Stories may be clicked through to the original story.

5 Things To Know To Start Your Day. (Bloomberg)

Stocks making the biggest moves. (CNBC)

Coronavirus Update: 50,000 Cases In U.S. (CNBC)

U.S. Coronavirus Map.

Barron’s is + on SBH  MIK BLKB TSLA NKLA PLUG BLDP WKHS SHLL.

U.S. deploys two aircraft carriers to the South China Sea. (NYT)

Uber (UBER) looks to bid for Postmates for $2.65 billion. Now confirmed. (Bloomberg)

Democratic Candidate Joe Biden looks to pick Senator Tammy Duckworth as VP candidate. (The Washington Post)

Emergent BioSolutions (EBS) signs two year $480 million deal with Johnson & Johnson (JNJ).

Becton Dickinson (BDX) launches a rapid point of care antigen test with results in 15 minutes.

Stock Index Tracking

Current through 7/2 close.

Bold means a change from prior day.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Updated through 7/2 close. EVL Ranges  continues to expand again with the recent action. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App  store at APP(GO).

Courtesy of Phil Erlanger Research, Inc.

Economic

June ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and expected to rise to 51 from 45.

Geopolitical & Related

President Trump will meet with the Secretary of State at 11:30 a.m. EDT.

Meetings, Calls & Conferences

D IMMU OBSV  (Conference Call)

Sellside Conferences: None of note.

Industry Conferences: International AIDS Conference (7/6-7/10)

M&A

Dominion Energy (D) sells natural gas assets for $10 billion to Berkshire Hathaway (BRKA).

Upgrades & Downgrades

Updated Through 8:25 a.m. EDT.