U.S. stocks finish lower, but log fourth weekly gain in five

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,
-0.05%
all climbed after their quarterly earnings surpassed Wall Street expectations.