MARKET PULSE-JP Morgan, Wells Fargo, Infosys, Rally Software
April 12 (Reuters) - Some U.S. stocks on the move on Friday:
RETAIL SALES, BANKS DRAG WALL STREET LOWER
Wall Street declined, pulling back from record levels set a day earlier, after retail sales unexpectedly dropped last month and as results from major banks failed to impress investors.
The Dow Jones industrial average was down 36.79 points, or 0.25 percent, to 14,828.35, the Standard & Poor's 500 Index were down 7.16 points, or 0.45 percent, to 1,586.21 and the Nasdaq Composite Index lost 11.57 points, or 0.35 percent, to 3,288.59.
** JPMORGAN CHASE & CO, $49.14, down 0.4 pct (1105 ET)
JPMorgan Chase posted higher first-quarter profit on Friday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank's overall revenue declined. Continued...