A slug­gish sum­mer week for stocks

The Washington Post Sunday - - MARKETS -

For stock in­vestors bored by the long­est stretch of weekly calm in 22 years, there’s al­ways next week. The Stan­dard & Poor’s 500-stock in­dex ended the five days lower by 0.4per­cent as the Greek debt cri­sis dragged on with­out res­o­lu­tion and eco­nomic data did lit­tle to change per­cep­tions on the strength of the econ­omy. The re­sult was the ninth week with a move of less than 1 per­cent, the long­est streak since 1993.

That leaves it to next week’s Greek re­pay­ment dead­line and the U.S. jobs re­port to jolt eq­ui­ties from their two- month tor­por be­fore in­vestors head to the beach for July Fourth.

“Greece needs to be re­solved well, and we need to see im­prove­ment in the la­bor mar­ket with em­ploy­ment next Thurs­day,” said Paul Zem­sky, of Voya In­vest­ment Man­age­ment, which over­sees $218 bil­lion.

The Dow Jones in­dus­trial av­er­age slipped 0.4 per­cent to 17,946.68. The Nas­daq Com­pos­ite In­dex fell 0.7 per­cent for its worst week since May 1, end­ing on a three-day slide af­ter clos­ing June 23 at a record.

The S&P 500 flirted with a record high as a flurry of deal talk sent health-care shares higher, and a Supreme Court rul­ing boosted hos­pi­tal stocks.

The Trea­sury will sell $24 bil­lion in three­month bills and six-month bills Mon­day. They yielded 0.02 per­cent and 0.11 per­cent in whenis­sued trad­ing. The Trea­sury will also sell four-week bills Tues­day.

Editor’s note: Go­ing for­ward, our weekly com­pos­ite stock list­ing high­lights com­pa­nies based in Washington or with a strong pres­ence here. The rest of the ta­ble shows firms as ranked by mar­ket cap­i­tal­iza­tion. And we’ve added year-to-date data be­cause read­ers told us it would be use­ful.

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