Epic US Market Update

The US markets closed higher on Friday as worries over Cyprus diminished. Still, major averages still finished in the red for the week, with the Dow snapping a four-week win streak and the S&P 500 logging its second losing week this year. For the week, the Dow slipped 0.01 percent, the S&P 500 dipped 0.24 percent, and the Nasdaq erased 0.13 percent. The CBOE volatility index slid below 14.