Updated from 2:35 p.m. EDT
Down for the Week
At 5:45 p.m. EDT
Not the best way to end a week. The
Dow Jones Industrial Average
fell 62.68 points, or 0.8%, to 8268.64 Friday, though considering only six of its 30 stocks rose, it could have been worse I suppose.
The Dow struggled for the most part during the past five sessions, and all told it lost 306 points, or 3.6%. That was the worst showing since the week that finished March 6, but it was only the second decline in the last 10 weeks. Not that big of a deal.
So far this month, the industrials have gained 1.2%, while for the year to date, they've lost 5.8%.
As for the few winners this time around,
(AA - Get Report)
was the best, up 3.3% at $9.03.
(MSFT - Get Report)
tacked on 0.8% to $20.22, and
Johnson & Johnson
added 0.7% to $55.41.
Most of the losses were modest. However,
Bank of America
(BAC - Get Report)
dropped 5.7% to $10.67, and
(GM - Get Report)
gave back 5.2% to $1.09. Yes, $1.09.
On a points basis,
were the biggest drags, accounting for about 18 points of the overall decline.
Yes, It's Friday Yet
At 2:15 p.m. EDT
A sluggish day for the
. I don't really know how else to put it. Quite frankly, there just isn't a great deal going on to influence the direction either way.
So far the index has spent time on both sides of the flat line, and lately it was down by 50 points at 8281. Barring a nearly 300-point rally in the next 90 minutes, it will close lower for the week, which would be only its second retreat in the last 10.