by Stephen Culp

NEW YORK (Reuters) – The New York Stock Exchange ended lower on Friday as disappointing retail sales figures raised fears of another U.S. Federal Reserve (Fed) rate hike, overtaking strong results from three of the major US banks.

The Dow Jones index fell -0.42%, or 143.22 points, to 33,886.47 points.

The broader S&P-500 fell 8.58 points, or 0.21%, to 4,137.64 points.

The Nasdaq Composite fell for its part by 42.81 points (-0.35%) to 12,123.47 points.

“We’re breathing a little today,” said Sal Bruno, IndexIQ’s chief investment officer. “After yesterday’s sharp rise, the market may have gotten a little carried away.”

Citigroup, JPMorgan Chase & Co and Wells Fargo & Co reported better-than-expected results, benefiting from rising interest rates and easing concerns about the banking system.

“As expected, the big banks probably didn’t suffer so much from the woes of the regional banks, and they may even have benefited from it,” said Ross Mayfield, an analyst at Baird.

Subdued economic data, including retail sales, industrial production and consumer sentiment, however, raise fears that the Fed could raise rates another 25 basis points at its meeting next month.

Investors are awaiting the results of large companies such as Goldman Sachs Group, Morgan Stanley, Bank of America Corp or Netflix, whose publication is scheduled for next week.

At BlackRock stocks rose after posting better-than-expected first-quarter results.

Boeing backtracked after the aircraft maker announced it had suspended delivery of some of its 737 MAX jets due to a quality issue at supplier Spirit.

Lucid Group fell after reporting lower first-quarter production and shipment numbers on Thursday than the previous three months.

(With contributions from Sruthi Shankar, Ankika Biswas and Bansari Mayur Kamdar; Camille Raynaud)

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