Banks, which typically benefit from higher interest rates, dragged on the S&P 500 and Dow Jones Industrial Average.
(Reuters) - Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks
and worries deepened over Nordstrom and other department stores.
The Dow Jones Industrial Average declined 0.11 percent to end at 20,896.61 points and the S&P 500 lost 0.15 percent to 2,390.9.
For the week, the Dow fell 0.5 percent, the S&P 500 lost 0.4 percent and the Nasdaq rose 0.3 percent.
Soft retail sales and monthly inflation data on Friday raised concerns about slow economic growth
and questions about whether the Federal Reserve could maintain its hawkish outlook for interest rates this year.
Position of the Dow Jones industrial average at 1-minute intervals on Friday.