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.

JPMorgan reported a fourth-quarter profit that was stronger than expected, though it hasn't shaken off the residual costs of the financial crisis. The stock rose 1.1 percent to $44.89.

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 fell 1.3 percent to $21.01 a day after it posted a better-than-expected quarterly profit and forecast strong revenue for the coming quarter. The stock advanced for most of the premarket session.

(Editing by Jeffrey Benkoe)