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Wall Street closes higher with the S&P at record high

FXstreet.com (San Francisco) - The US stocks market closed Thursday with gains as investors traded confidence on US recovery but with a eye on Cyprus. The Dow has posted its best quarter since 1998 after climbing 11% and the The Standard & Poor's 500-stock index closes all time high of 1,569.19.

The Dow Jones advanced 52.38 points or 0.36% to close the day at 14,578.54. As for the week, as market will remain close on Easter Friday, the DJIA advanced 0.46% and in the quarterly basis, the index rallied 11.25%.

The S&P 500 added 6.34 points or 0.41% to end the day at 1,569.19. On the week the index advanced 0.79% and on the first quarter, the S&P gained 10.03%.

The Nasdaq gained 11.00 points or 0.34% on the day to close at 3,267.52. The Composite added 0.69% on the week and 8.21% on the quarter, specially dragged by Apple which share declined 16.82% in the last three months since January 2nd.

Bersani informed Napolitano he can't form government

Pier Luigi Bersani, Secretary of the Democratic Party, has told Italian president Giorgio Napolitano that his party is unable to form government as he is facing unacceptable preconditions from the other parties.
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Forex: NZD/USD bounces at 0.8350 and test 0.8370

After falling quickly to 0.8350 again, the NZD/USD has bounced at this level to retake the previous levels around 0.8370. Currently the pair is trading at 0.8365, almost flat from Thursday's opening price.
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