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“The sovereign debt crisis, the Greek elections, the Egyptian elections — if you are basing an investment strategy around these headlines, you will be paralyzed,” Ross said.

The interest rate on the U.S. 10-year Treasury note fell to 1.60 from 1.66 percent. Investors moved money into one of the few places where they think it will be safe, with the U.S. government.

Big movers included JPMorgan Chase, which rose 53 cents to $34.30 after CEO Jamie Dimon testified to Congress about the bank’s surprise $2 billion trading loss. Dell jumped 30 cents to $12.28 after the computer maker said it would begin paying its first shareholder dividend. Cigarette maker Philip Morris International rose 69 cents to $85.70 after announcing it would buy back more of its own stock.

Scotts Miracle-Gro, which makes lawn-care products, fell $2.84 to $40.21 after issuing weak forecasts for profit and revenue. Cobalt International Energy fell $1.36 to $21.67 after announcing it will abandon a Gulf of Mexico well that hasn’t yielded any commercial hydrocarbons. Nike fell $5.38 to $102.22.