(CNBC) U.S. equities traded mostly lower on Friday as investors digested a tough week for retailers as well as mixed economic data.
The Dow Jones industrial average fell about 30 points, with Goldman Sachs contributing the most losses. General Electric was the biggest laggard in the 30-stock index after Deutsche Bank downgraded the stock to sell from hold.
The S&P 500 dropped 0.2 percent, with industrials lagging, while the SPDR S&P Retail ETF (XRT) fell about 1.7 percent.
The fall in retailers came after J.C. Penney’s stock dropped more than 14 percent in afternoon trade. The company reported mixed quarterly results, with earnings topping expectations but same-stores sales fell more than expected.
