Updated from 1:57 p.m. EDT

Down for the Day, Up for the Week

( At 5:50 p.m. EDT)

The Dow Jones Industrial Average pulled back in the final session of the week, but the index still managed to tack on 54.40 points, or a little more than 0.7%, in the past five days. That's the first time the industrials have climbed in consecutive weeks since last spring.

On Friday, only six of the 30 components rose, and that left the Dow lower by 122.42 points, or 1.7%, at 7278.38.

The best percentage gainer was General Motors ( GM), up 10.8% at $3.18. Johnson & Johnson ( JNJ) came in second with a 3.2% increase to $51.67.

Most financial stocks were sluggish, though Citigroup ( C) managed to tack on 2 cents to $2.62. Bank of America ( BAC) had the steepest fall, giving back 10.7% to $6.19. JPMorgan Chase ( JPM) lost 7.2% to $23.15, and American Express ( JPM) slid 6.2% to $12.26.

Because of the way the Dow is weighted, the biggest drag was actually the oil companies, Exxon Mobil and Chevron ( CVX), who together accounted for roughly 37 points of the overall decrease.

Since hitting the 12-year low of 6547.05 on March 9, the Dow has rallied 11.2%, and so far this month, it's up almost 3.1%. Still on track for its first winning month of 2009, but a lot can happen in a short period of time. Updated from 12:05 p.m. EDT

Sellers Pressing the Issue

( At 1:50 p.m. EDT)

Starting to see a little selling as the afternoon progresses, and the Dow was recently at its session low, off 96 points at 7305.

A few more stocks have been added to the decliners' column, and now 19 of the 30 index components are in the red. Bank of America ( BAC) and GE ( GE) remain the leaders on the downside. BofA was losing 10.4% at $6.21, and GE was decreasing 8% to $9.32.

Taking a look at the 11 positive issues, Johnson & Johnson ( JNJ) and Merck ( MRK) continue to outperform.

At the same time, several of the winners are barely hanging on, with gains under 1%, including Pfizer ( PFE), Kraft ( KFT) and Hewlett-Packard ( HPQ).

Holding Steady For Now

( At 11:42 p.m. EDT)

Thus far the Dow hasn't done much in the final session of what has been a generally upbeat week for the index and for the broader stock market. The range has only been about 70 points -- 7390 to 7461 -- and recently the industrials were up 15 points at 7416.

Losers were slightly outpacing winners with a 16-14 lead. Bank of America ( BAC) was having the worst day, falling 11.4% to $6.14.

The bank was in the news Friday after a report said it was directly involved in the markdowns that played a role in Merrill Lynch's loss of $15.3 billion in the fourth quarter of 2008, the last quarter the securities firm was independent before its acquisition by BofA was completed. BofA said while it did have access to Merrill's financials, that firm's management determined the marks.

Meanwhile, General Electric ( GE) was also weak, falling 7.7% to $9.35 after Citigroup and Credit Suisse cut their estimates on the company.

JPMorgan Chase ( JPM) was off 5.7% at $23.52, and American Express ( AXP), a day after negative comments from Standard & Poor's, dropped 5.2% to $12.39.

On the upside, Merck ( MRK) was the top performer on the Dow, rising nearly 4% to $27.08. Johnson & Johnson ( JNJ) was following with a 3.6% advance to $51.85.

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