Mon, 28 May 2012 08:34:58 GMT
S&P 500 down on Friday, 1.7% up for the week
S&P 500 index edged down on Friday, reflecting growing concerns over Spain. US benchmark dropped 0.22% or 2.86 points and closed at 1,317.82. Spanish borrowing costs surged to almost 6.3% after Spain's autonomous region Catalonia asked for a government financial aid. Nevertheless index managed to recover on weekly basis and reported a 1.7% gain, the first weekly advance since April.