Market edges up, focus on possible Spain rescue
NEW YORK (Reuters) – Stocks edged higher on Friday as investors played things close to the vest before the weekend after sources told Reuters Spain was expected to request aid for its troubled banks. European Union and German sources said euro zone finance ministers were to hold a conference call on Saturday. Spain’s expected request was an effort to stem the tide of worsening market turmoil. Underscoring the impact of Europe’s debt crisis, McDonald’s Corp reported a lower-than-expected rise in global same-store sales in May and warned austerity measures in Europe were taking a toll. . . .
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