Of the 11 S&P sectors, the financial sector is the sole decliner with quarterly results from JP Morgan ( JPM ), Wells Fargo ( WFC ), and to a lesser extent, Citigroup ( C ), coupled with the adjusted interest rate landscape, weighing on banking stocks. The major market averages were all trading higher on Friday after inflation and retail sales data dimmed the likelihood for the Federal Reserve to pursue a more restrictive monetary policy. Led by gains in healthcare and technology stocks, the Nasdaq Composite was outperforming, trading higher for the sixth consecutive day.