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Wall Street closes Friday higher but lower on the week

FXstreet.com (San Francisco) - The US stocks market has closed higher on Friday amid Cyprus hopes but on the week the major indexes have closed slightly lower. The Dow stops 4-week win streak.

The Dow Jones advanced 90.54 or 0.63% to close the day at 14,512.03. The DJIA ends 0.01% down on the week. The S&P 500 added 11.09 points or 0.72% to finish at 1,556.89. on the week the S&P declines 0.24%. The Nasdaq gained 22.40 points or 0.70% to 3,245.00. The Composite eased 0.13% on the week.

Forex Flash: EU stance on austerity has mitigated growth – Goldman Sachs

“Around a year ago, we noted that Spain’s fiscal plans were likely to be above the ‘speed limit’, however that Spain would likely be shown forbearance for missing the headline deficit target, and hence we were less concerned about ‘vicious tightening spirals’ occurring – as the data currently shows however, this appears to have been the case.” notes the Economics Research Team at Goldman Sachs.
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Cypriot Parliament approves bills on solidarity fund and capital control

Cypriot Parliament approves bills on solidarity fund and capital control
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