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The Ledger - EST. 1978 - Nashville Edition

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VOL. 37 | NO. 12 | Friday, March 22, 2013

S&P 500 moves above its record high, keeps going

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NEW YORK (AP) — U.S. stock futures rose slightly on the last trading day of the quarter as Cyprus' banks reopened for the first time in nearly two weeks.

Dow Jones industrial futures are up 6 points to 14,467. The broader S&P 500 futures are up less than one point at 1,558. Nasdaq futures are up 5 points to 2,806.

Cyprus' banks reopened Thursday morning after the country negotiated a bailout agreement with international creditors that will see many large depositors lose a big chunk of their money. The reopening steadied European markets.

Investors await a raft of U.S. economic due data later, including weekly claims for unemployment benefits and a revised report on economic activity in the October-to-December quarter.