(At 7:20 p.m. EST) The Dow Jones Industrial Average did manage to end the week with a slight gain Friday, but on the whole the past five sessions saw the index continue its downward spiral. For the day, the Dow was up 32.50 points, or 0.5%, to 6626.94. Led by General Electric ( GE), 16 of the 30 stocks rose. Among the losers, GM ( GM) was the weakest, down 22%. All told, the week was, unfortunately, a bad one. The Dow lost 435.99 points, or 6.2%. That's the fourth straight weekly decline and the 15th of the last 18. So far in 2009, the industrials have lost 24.5%. Once again, it's good to see the weekend get here.
Here We Go Again After All
(At 2:46 p.m. EST) The Dow was basically at its session low in the last hour of trading, slumping 117 points to 6477. Look at a basic chart and you'll see steady deterioration since the post-open spike began to fade. Just seven of the 30 components were holding on to gains. General Electric ( GE) remained the top stock, though it's seen the amount of its increase cut to 3%, putting the stock at $6.86. Coca-Cola ( KO) was faring all right, adding 1.8%, and Kraft ( KFT) and McDonald's ( MCD) were each up about 1%. On the downside, GM ( GM) continued to get taken apart. Lately, it was falling 21.3% to $1.46. All of the financials are lower, with JPMorgan Chase ( JPM) the worst, losing more than 7%. Bank of America ( BAC) was down nearly 4% and American Express ( AXP) 5.3%.