Dow Jones: 5,535.48 (-16.26)

BLUE chip stocks fell on Walt Street yesterday, but the broader market held onto early gains as technology issues continued to rise after a strong earnings report from Microsoft.

The Dow Jones industrial average dropped 16.26 points, down from a gain of about 20 during the morning, and closed at 5,535.48.

Advances outnumbered declines by about 3 to 2 on the New York Stock Exchange, with 1,396

up, 917 down and 809

unchanged.

Big Board volume totaled 419.98 million shares against 410.91 million in the previous session.

The NYSE's composite index gained 1.01 to close at 346.10, up 3.99 for the week. The Standard and Poor's 500-stock index rose 1.45 to 645.06, up 8.35 on the week.