The Dow closed up +17.21 (+0.13%) at 13,488.43.

There were 15 Dow stocks up led by MSFT (+1.40%), CVX, MRK, INTC and IBM.

Losers were led by BA (+2.50%), BAC, PFE, HPQ and VZ.

For the week DJIA was up +0.4%, Nasdaq +0.8%, S&P 500 +0.4% and Russell 2000 +0.2%.

Year-to-date DJIA is up +2.9%, Nasdaq +3.5%, S&P 500 +3.2% and Russell 2000 +3.7%.

Alcoa (AA) announced earnings of $0.06 per share, in line with estimates.

American Express (AXP) added 0.7% after the company pre-announced better-than-expected fourth quarter earnings and has announced plans to cut 5,400 jobs.

Boeing (BA) is having problems as an oil leak was discovered from the generator in the left engine of a 787 Dreamliner, adding to the recent troubles for that key aircraft. Boeing shares slid 2.5%, making it the biggest drag on the Dow.

Bank of America (BAC) reached a settlement with Fannie Mae to resolve agency mortgage repurchase claims on loans originated and sold directly to Fannie Mae through December 31, 2008. The settlement is expected to lower Bank of America’s fourth quarter pretax income by about $2.7 billion.

The price on the 10-year Treasury was up, pushing the yield down to 1.87% from 1.89% late Thursday.