Mon, 19 Dec 2011 11:59:46 GMT
S&P 500 down on weekly basis
Despite early rally in Friday morning the S&P 500 Index added only 0.32% or 3.91 points and closed modestly higher at 1,219.65. On weekly basis, however, the US benchmark lost 2.8%. Three of the 10 industries including consumer staples, utilities and health care declined while others were up. The biggest gainers were material, industrial and energy companies as several US