U.S. stocks fell on Friday after retail sales rose less than expected and on a mixed reaction to JPMorgan Chase & Co's quarterly earnings, though the S&P was on track to notch a seventh straight week of gains.
Sales at U.S. retailers rose slightly less than expected in December, but sales for all of 2010 reversed two years of contraction, posting the biggest gain in more than a decade, the government said. Separately, higher gas prices pushed overall December consumer prices up at their fastest pace in a year and a half.
The Dow Jones industrial average <.DJI> was down 19.68 points, or 0.17 percent, at 11,712.22. The Standard & Poor's 500 Index <.SPX> was down 0.42 points, or 0.03 percent, at 1,283.34. The Nasdaq Composite Index <.IXIC> was down 3.03 points, or 0.11 percent, at 2,732.26.
Dow component Intel Corp
(Editing by Jeffrey Benkoe)