IBD Market Wrap - 07/01/15

Stocks eased off of morning highs but closed above the afternoon's lows. Greek Prime Minister Alexis Tsipras is urging his country to reject an international bailout, less than a day after writing a letter to creditors asking for a new bailout in the wake of defaulting on an IMF payment. The S&P 500 gained 0.7% while the Nasdaq rose 0.5%. June IPO Fitbit charged ahead 11% to a new high. In just 10 total trading sessions, the stock has now more than doubled from its IPO price of 20 on June 18. Leaderboard stock Acuity Brands gained 4% in quick trade to hit a new high after reporting Q3 EPS that topped views. Constellation Brands beat expectations for Q1 earnings and revenue, but shares reversed from a 4% gain to close the session flat.