U.S. stocks end mixed amid earnings, economic data

U.S. stocks finished mixed Friday, with the Nasdaq setting a new closing record, as investors digested corporate earnings reports as well as a batch of economic data.

The Dow Jones Industrial Average edged down 5.27 points, or 0.03 percent, to 19,885.73. The S&P 500 rose 4.20 points, or 0.18 percent, to 2,274.64. The Nasdaq Composite Index gained 26.63 points, or 0.48 percent, to 5,574.12.

The fourth quarter earnings season kicked off Friday, with several financial giants reporting their numbers.

Shares of J.P. Morgan Chase & Co. added0.53 percent to 86.70 U.S. dollars apiece Friday after the U.S. bank posted stronger than expected fourth-quarter results.

The company reported quarterly net income of 6.7 billion U.S. dollars, or 1.71 dollars per share, and full-year net income of 24.7 billion dollars, or 6.19 dollars per share.

Bank of America' s shares rose 0.39 percent to 23.01 dollars apiece after the company delivered quarterly profits above estimates but revenues shy of forecast.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the fourth quarter of 2016 are expected to rise 5.7 percent year on year, while the revenues are forecast to increase 4.4 percent.

On the economic front, the Producer Price Index (PPI) for final demand increased 0.3 percent in December, seasonally adjusted, the U.S. Labor Department reported Friday.

U.S. retail and food services sales for December rose 0.6 percent from the previous month to 469.1 billion dollars, seasonally adjusted, said the Commerce Department.

For the week, the blue-chip Dow fell 0.4 percent, and the broader S&P 500 decreased 0.1 percent, while the Nasdaq climbed 1.0 percent. Enditem