Cyprus be damned, it's a record day for the S&P 500. The benchmark stock index capped off the first quarter by closing at a record high of 1569, erasing the previous mark set in October 2007 before the financial crisis. The key index, a better reflection of the American economy than the Dow, which set its own record recently, has been flirting with the record for weeks but has been consistently beaten down by investors wary of the bailout circus in Cyprus.
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