Stocks were unable to get traction. Financials were once again in focus on Friday, as the sector dropped 4%, capping a weekly loss of 10%. The government is expected to be in focus again in the coming week. Meanwhile, it's being reported that Obama will announce the details of the housing subsidy plan Wednesday. Most tech stocks closed lower Friday even after Texas Instruments and Advanced Micro Devices led another chip-sector rally. Shares of Sun Micro, Research In Motion sink on demand fears. Analysts remain very cautious on the hardware sector near term.
