Wall Street closed mixed Friday after playing out a now familiar scenario

   
New York Attorney General Andrew Cuomo said Friday that he plans to take legal action against Merrill Lynch and Co. as part of the ongoing investigation of the failure of the auction rate securities market. Wachovia Corp., meanwhile, became the fifth bank to agree to the Arabs in recent weeks as part of the re-investment of an agreement with regulators.

Investors were encouraged as the beginning of the session's pullback in oil raised the outlook for consumers and companies eased concern that record high energy prices to force the U.S. to stop spending. Light, sweet crude for the bus to leave the $ 1.24 to $ 113.77 per barrel on the New York Mercantile Exchange, the first of the business and reduce $ 111.34, its lowest level in more than three months.

Oil fell on a growing sense that the economies in the world are joining the slowdown in the U.S.. The rising dollar, which stressed economic worries offset the contribution of crude and other commodities to sell at. The lack of crude over $ 35 from its July 11 record of $ 147.27; Meanwhile, the prices of gold that flows past the first $ 1000 of an ounce this year, is now below $ 800.

However, the decline in oil was गरममिजाज investors this week, it is still not offset their ever present worry about the slumping housing market and credit. Concerns about writing and more investment banks continued on down, the major market indexes to fluctuate in the course of this week, issued an unstable holding dow Jones industrials, fell more than 100 points two days in a row Between the health literacy of fear about the financial sector.

"The rapid fall in the price of some items you think the market will take some doing," said Greg Church, chief investment officer of Church Capital Management. "The fact is that credit continues to appear to be very weak."

Dow rose 43.97, or 0.38 percent, 11659.90.

Broad indexes were narrowly mixed. Standard and Poor's 500 index rose 5.26, or 0.41 percent, 1298.20, while the Nasdaq composite index fell 1.15, or 0.05 percent, 2452.52.

Volume remained extremely light, steps in the major indexes exaggeration. New York Stock Exchange, with rising issues were also relatively decliners; consolidated volume came to 3.99 billion on Thursday along.

For the week, finished down 0.63 percent and dow S and P 500 rose 0.15 percent is a minor. The technology-focused Nasdaq, but his fifth log - directly benefit by 1.59 per cent in the last week, it rose to 8.5 percent since mid-July.

The market has been trying to sort through the many different factors, including the price of oil and other commodities, ongoing concerns about the state of the credit market and economic data is different. It seems investors are grabbing any piece of news that the economy may be indicated for a change.

The Nasdaq's performance this week suggests that investors back to the changing technology stocks. However, the market have little motivation to move in other areas - many traders and analysts said the purchase of the bus dips.

Uncertainty in the market has increased demand for the security of government debt, which rose modestly Friday. Finally, trade, yield on the benchmark 10-year Treasury note, which measures price, in contrast, slid to 3.84 percent from 3.90 percent late Thursday.

The dollar rose against other major currencies, contributed to Friday's pullback in oil and other commodities.

The day brought some consumers about the disappointing news. University of Michigan report, a slightly smaller increase in consumer sentiment expected to begin in August compared with July, evidence that the consumer is always under pressure.

In addition, earnings outlooks from retailers JC Penney Co. and Abercrombie & Fitch Co. on Friday came in below forecast.

"This year, the beginning of time, earnings expectations began to drop precipitously, and the stock market down with them," Bleier said Scott, the founder of market advisory service CreateCapital.com. "He hopes to share in the market and made more than one. A lot of discount stores all the bad news is that there was outside."

Merrill Lynch shares rose 4 $ 26.33 for St.. 24 St. fell Wachovia, or 2.5 percent, to $ 15.57.

Airline stocks rose on the drop in oil. AMR Corp., parent company of American Airlines, gained 46 St., or 4.1 percent, to $ 11.74. However, shares of major oil companies declined, with ConocoPhillips least $ 1.71, or 2.1 percent, to $ 77.66.

The Russell 2000 index, which tracks smaller cap stocks, fell 1.01, or 0.13 percent, 753.37.

Overseas, Japan's Nikkei stock average rose 0.48 percent. Britain's FTSE 100 fell 0.66 percent, Germany's DAX index rose 0.06 percent, and France's CAC - 40 rose to 0.60 percent.

The dow Jones industrial average ended the week down 74.42, or 0.63 percent, 11659.90. Standard and Poor's 500 index finished up 1.88, or 0.15 percent, 1298.20. The Nasdaq index ended the week up to the United 38.42, or 1.59 percent, 2452.52.

The Russell 2000 index finished the week up 19.07, or 2.60 percent, 753.37.

The dow Jones Wilshire 5000 Composite Index - a free-float weighted index that is based on measures of the 5000 U.S. companies - ended Friday at 13271.88, 74.75 points, or 0.57 percent, for the week . A year ago the index was at 14531.52.