1:58 pm - DJIA is supported at 8,200.

The resistance is at 8,400. The trend is down for DJIA .

9:34 am - US STOCKS-Wall St rises on energy gain, financials cut losses

US STOCKS-Wall St rises on energy gain, financials cut losses By Leah Schnurr NEW YORK, Jan 16 (Reuters) - U.S. stocks rose on Friday on strength in theenergy sector and companies that hold up well in recessions, while reassuringcomments from Britain's Barclays late in the day helped financials cut lossesthat had driven the market lower earlier. The banking sector was in the spotlight throughout the session after afresh $20 billion government capital injection for Bank of America revivedworries about the fate of the sector. "For better or for ill, we have to at least keep the banks going," saidPaul Nolte, director of investments at Hinsdale Associates in Hinsdale Illinois."Investors are struggling with what is happening and that's why we're seeing thevolatility." The S&P financial index pared steep declines to end down 2.4 percentafter Barclays said it expected next month to report pretax profit for 2008"well ahead" of analysts' estimates. Barclays comments came a few hours afterits shares had plummeted by 25 percent in European trade. Energy shares rose along with a rebound in the price of oil, whileMcDonald's was the Dow's biggest lift, offsetting the drag from Bank of Americaand JPMorgan Chase & Co. The Dow Jones industrial average rose 68.73 points, or 0.84 percent, to8,281.22. The Standard & Poor's 500 Index gained 6.38 points, or 0.76 percent,to 850.12. The Nasdaq Composite Index was up 17.49 points, or 1.16 percent, at1,529.33. Markets will be closed on Monday for the Martin Luther King Jr. Dayholiday, a day before the inauguration of President-elect Barack Obama. Friday marked an end to the stock market's run under the administrationof President George W. Bush. The S&P 500 lost more than 35 percent of its valuesince the day Bush took office in 2001, wiping out more than $4.6 trillion ofinvestor wealth during his eight-year presidency. By contrast, under his predecessor, William Clinton, the S&P tripled,gaining more than $9 trillion. On the heels of the financial lifeline for Bank of America, the bankposted its first quarterly loss in 17 years, while Citigroup also reported ahefty quarterly loss and said it plans to split into two units. For moredetails, see . Citigroup fell 8.6 percent to $3.50. Bank of America and JPMorgan Chase & Co were the Dow's biggest drags,falling 13.7 percent to $7.18 and 6.2 percent to $22.82, respectively. AlthoughJPMorgan is viewed as being healthier than Bank of America and Citigroup, itposted a hefty decline in quarterly profit on Thursday. Despite the maneuvers surrounding the financial sector, analysts saidworries persisted over the health of the group and whether banks will need toraise more capital as they struggle to deal with the credit crunch and globaleconomic slowdown. McDonald's gained 2.9 percent to $59.67 after its chief executive toldCNBC television the company expected to continue paying dividends.. Energy shares, including Exxon Mobil, rose along with oil prices as shortcovering overshadowed a gloomy demand outlook. U.S. crude was up $1.11 to $36.51a barrel, while Exxon gained 1.9 percent to $78.10. Highlighting the deteriorating economy, there was no let up in companiesannouncing job cuts. Advanced Micro Devices Inc said it would cut 1,100 jobs,while The Wall Street Journal reported that drugmaker Pfizer Inc plans to layoff as many as 2,400 sales staff.