Wall Street Optimistic Against Cyprus deal

Learn Stocks : U.S. stocks closed higher on Friday, recovering from the biggest drop in nearly a month, as concerns regarding Cyprus began to subside and after a good earnings report. But the three major indexes still closed in negative territory for the weekly level. Dow snapping for 4 weeks in a row and the S & P 500 scored a second week of decline this year. "There is optimism within the next few hours there was agreement shingga platform parliament to approve such a move would be consistent with the approaches, frameworks and targets Eurogroup least," deputy leader of the Democratic party in the Cyprus Rally, Averof Neophytou.