Bank stocks and the broader markets finished down Friday as investors weighed the impact of the White House's emergency "but short-term" loans to struggling General Motors Corp. and Chrysler LLC.

The KBW Bank Index rose Friday morning after President Bush announced that the Treasury Department would lend the automakers $17.4 billion from its Troubled Asset Relief Program. However, the index subsequently dropped to trade essentially flat for the remainder of the day, closing off 0.91%. After the Federal Reserve's historic rate cut and gloomy economic news, the index closed up 0.3% for the week.

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