U.S. stocks finished lower on Friday following hawkish comments from a top Federal Reserve official and downbeat retail-sales data. Meanwhile, a spate of big-bank earnings came in better than expected, boosting some financial stocks. The S&P 500 SPX, -0.21% fell by 8.70 points, or 0.2%, at 4,137.52, according to preliminary closing data from FactSet. The Nasdaq Composite COMP, -0.35% declined by 42.81 points, or 0.4%, to 12,123.47.
The Dow Jones Industrial Average DJIA, -0.42% declined by 143.22 points, or 0.4%, to 33,886.47. All three of the main indexes logged their fourth weekly gain in five, with the S&P 500 rising 0.8%, Nasdaq gaining 0.3%, and the Dow up 1.2%, according to FactSet data. Shares of JPMorgan Chase & Co. JPM, +7.55%, Citigroup Inc. C, +4.78% and Wells Fargo & Co. WFC, -0.03% all climbed after their quarterly earnings surpassed Wall Street expectations.
If only they would stop inviting these Fed officials to lunch. They just keep saying the opposite at each lunch.
Shit hole collapsing capitalist and corrupt country