Updated from 4:24 p.m. EDTStocks in New York edged higher Friday and closed just above the flat line as investors dissected quarterly reports from Citigroup ( C) and General Electric ( GE). The Dow Jones Industrial Average rose 5.90 points, or 0.07%, to 8131.33, while the S&P 500 gained 4.30 points, or 0.5%, to 869.60. The Nasdaq added 2.63 points, or 0.2%, to 1673.07. For the week, the Dow gained 0.6%, the S&P 500 advanced 1.5%, and the Nasdaq added 1.2%, marking the sixth consecutive week of advances. Technology stocks and General Motors ( GM), for which bankruptcy is now "probable" ( GM) according to its CEO, were among the biggest drags on the Dow.