S&P 500 marginally down on Friday

On Friday S&P 500 benchmark index closed at 1,244.28, 0.02% or 0.3 points down. Nevertheless index gained 7.4% on weekly basis as Fed cut dollar borrowing rates for European banks and China announced monetary policy easing. For S&P 500 Index last week was the best since March 2009. Banking stocks were among main gainers. Morgan Stanley advanced 6.96%, J. P. Morgan Chase & Co. added 6.14% while Citigroup Inc. edged up 4.37%. Tenet Healthcare Corp. and Big Lots gave most negative contribution to the index declining 10.68% and 8.68% respectively.