The 30-stock index deducted 144.14 points to conclude Friday and the week at 33,885.55. On the week, the Dow gained 1.35%.
The S&P 500 fell 8.63 points Friday to 4,137.61, but gathered 1% on the week.
The NASDAQ dipped 42.81 points to 12,123.47, but gained 0.3% over the last five trading gays.
The Dow notched its fourth-straight positive week. The S&P 500 and the NASDAQ, meanwhile, enjoyed their fourth positive week in five.
The disappointing retail sales data offset excitement around strong corporate earnings. JPMorgan Chase reported record revenue that beat analyst expectations, with the stock rising more than 7%. Wells Fargo shares briefly rose as much as 2.1% after reporting growing profits, before declining about 0.4%. These were the first bank earnings since the collapse of Silicon Valley Bank and Signature Bank last month.
Elsewhere, UnitedHealth, which has the biggest weighting in the Dow, fell as much as 3.4% after what Mizuho described as a “modest beat and raise,” and after UnitedHealth said it’s spending more for new diabetes and weight loss drugs from Novo Nordisk and Eli Lilly.
Meanwhile, Boeing fell about 6% after the aircraft maker warned of delivery delays for some of its 737 Max planes.
Expectations for this earnings season are downbeat. Analysts expect S&P 500 earnings fell more than 5% in the first quarter. That forecast comes as companies deal with persistent inflation and higher rates.
Advanced retail sales data showed consumer spending fell twice as much as expected in March. Retail sales declined by 1% last month as consumers dealt with growing recession fears, more than the 0.5% fall expected by economists polled by Dow Jones.
Prices for the 10-year Treasury stepped back, raising yields to 3.51% from Thursday’s 3.45%. Treasury prices and yields move in opposite directions.
Oil prices advanced 45 cents to $82.61 U.S. a barrel.
Gold prices backtracked $36.60 to $2,018.70 U.S. an ounce.