S&P 500 DROPS AMID GREEK CRISIS

NEW YORK: Stocks traded in an extremely tight range for nearly all of the second quarter as the world awaited two drawnout events that seemed increasingly likely to occur — the first Federal Reserve interest rate increase in nearly a decade and a full-fledged Greek debt default. From the verge of historical highs, the Standard & Poor’s 500-stock index plunged in the last few days of June, erasing all gains for the second quarter and leaving it barely ahead for the year. The index ended down 0.23%, at 2,063.11. Like the S&P 500, the trajectory of stock funds changed abruptly toward the end of the second quarter. The average domestic equity fund tracked by Morningstar was down 0.13%. International stock funds did marginally better, rising 0.78%, in the face of lingering discord and uncertainty surrounding Greece.