Investing.com - Investing.com - Weak fourth-quarter earnings sent U.S. stock prices falling on Friday, though solid consumer sentiment data cushioned losses.
At the close of U.S. trading, the Dow Jones Industrial Average fell 0.94%, the S&P 500 index fell 0.65%, while the Nasdaq Composite index fell 0.47%.
Disappointing earnings from retailer Amazon and toymaker Mattel sent stock prices falling on Friday, as did a profit forecast from Wal-Mart.
Ongoing concerns that emerging markets may be cooling also pushed prices lower, though U.S. data curbed losses somewhat.
The Thomson Reuters/University of Michigan final index of U.S. consumer sentiment came in at 81.2 in January, beating expectations for a 81.0 reading.
Also in the U.S. official data revealed consumer spending rose 0.4% in December, beating expectations for a 0.2% reading though personal income came in unchanged, missing expectations for a 0.0% gain.
The data boosted spirits somewhat by painting a picture of a U.S. economy moving along on its road to recovery at a time when monetary policy still remains loose.
Leading Dow Jones Industrial Average performers included Microsoft, up 2.43%, Caterpillar, up 0.74%, and Verizon, up 0.64%.
The Dow Jones Industrial Average's worst performers included Chevron, down 4.35%, Visa, down 2.54%, and Exxon Mobil, down 2.13.%.
European indices, meanwhile, finished lower.
After the close of European trade, the EURO STOXX 50 fell 0.31%, France's CAC 40 fell 0.34%, while Germany's DAX 30 fell 0.71%. Meanwhile, in the U.K. the FTSE 100 finished down 0.43%.
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