Stocks were lower on Friday as investors weighed weaker-than-expected retail sales data, as well as a strong start to a crucial earning season. The Dow Jones Industrial Average fell over 140 points in afternoon trading, while the S&P 500 and Nasdaq Composite lost roughly 0.2% and 0.4%, respectively.

Here's how the market settled to close out the week:

S&P 500 Index (SPY  ): -0.21% or -8.71 points to 4,137.51

Dow Jones Industrial Average (DIA  ): -0.42% or -144.38 points to 33,885.31

Nasdaq Composite Index (QQQ  ): -0.35% or -42.81 points to 12,123.47

Despite the down day, the Dow posted its fourth consecutive positive week and the S&P 500 and Nasdaq recorded their fourth positive week in five.

Taking the spotlight on Friday, advanced U.S. retail sales data signaled that consumer spending slowed last month as Americans grew concerned over a potential recession amid the banking sector turmoil in March. The month's sales declined by 1%, marking the weakest month-to-month reading since November.

Still, strong first-quarter earnings from JPMorgan Chase (JPM  ), the largest bank by assets in the U.S., kept Wall Street encouraged towards the health of corporate America. The bank reported record revenue for Q1, with its earnings beating expectations on top and bottom lines.

"The U.S. economy continues to be on generally healthy footings -- consumers are still spending and have strong balance sheets, and businesses are in good shape," said CEO Jamie Dimon in the company's earnings release. "However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks.

In other bank stock earnings, Citigroup (C  ) also topped expectations on Friday, with its Q1 income and revenue rising 7% and 12% from the prior year, respectively. Wells Fargo (WFC  ) also reported earnings that beat on top and bottom line, with revenues coming in above $20.7 billion in Q1. PNC Financial (PNC  ) shares came under pressure on Friday despite the bank's first-quarter beat.

Elsewhere, BlackRock's (BLK  ) earnings showed some impact from recent market swings as the firm's average assets under management slipped below $9 trillion during Q1, down from $9.7 trillion year-over-year. BlackRock's revenue also fell 10% over the previous year to $4.24 billion.

Dow-component UnitedHealth (UNH  ) posted better-than-expected Q1 earnings, with adjusted earnings of $6.26 per share on revenue of $91.93 billion. The health insurance company also raised its 2023 full-year outlook.

Friday also saw the release of April's preliminary consumer sentiment reading from the University of Michigan, which rose to 63.5 from March's print of 62. Beneath the headline, consumer expectations for price increase over the next year rose to 4.6% from 3.6% in March.

"These expectations have been seesawing for four consecutive months, alternating between increases and decreases," said Joanne Hsu, director for the Survey of Consumers, in a statement. "Uncertainty over short-run inflation expectations continues to be notably elevated, indicating that the recent volatility in expected year-ahead inflation is likely to continue."

In single-stock news, Boeing (BA  ) shares lost more than 6% after the aircraft manufacturer warned of delivery delays for some of its 737 Max planes due to a parts issue from supplier Spirit AeroSystems (SPR  ). The issue affect certain 737 Max 8 planes, whose customers include American Airlines (AAL  ) and Southwest Airlines (LUV  ).

The first-quarter earnings season will be underway next week, with reports from Charles Schwab (SCHW  ), State Street (STT  ), Bank of America (BAC  ), Netflix (NFLX  ), Goldman Sachs (GS  ), Johnson & Johnson (JNJ  ), Tesla (TSLA  ), Morgan Stanley (MS  ), TSMC (TSM  ), and Procter & Gamble (PG  ) slated for release throughout the week.