Wall St ends best week of year as aid for Spain's banks seen near

NEW YORK: Spain blinked. And Wall Street jumped. The U.S. stock market ended Friday's session with its best weekly gains of the year in a rally late in the day after sources told Reuters that Spain was expected to ask the euro zone on Saturday for money to bail out its troubled banks.

If the scenario unfolds as expected this weekend, Spain would become the fourth country to seek aid since Europe's debt crisis began. That could go a long way toward ending the uncertainty and worry that Spain's banking woes could prolong a downturn in the euro zone and hurt the U.S. economy for the foreseeable future.