Wall Street on pace for best week of year

NEW YORK (Reuters) – Stocks advanced on Friday, led by defensive shares as investors played things close to the vest before the weekend when sources told Reuters Spain was expected to request aid for its troubled banks. The gains put the S&P 500 on track for its best week of the year, due largely in part to a gain of more than 2 percent on Wednesday. The strong gains came after the benchmark index fell more than 6 percent in May and dropped just below its 200-day moving average, signaling a technical bounce for equities. …

Business News Headlines – Yahoo! News

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