Stocks mixed after tepid inflation report

NEW YORK (AP) — Stocks are narrowly mixed after the government said prices and retail sales rose in December.

The Labor Department said today that consumer prices rose 0.5 percent last month. Roughly 80 percent of that increase was a result of higher gas prices.

In a separate report, the Commerce Department said retail sales rose for a sixth straight month in December, driven by gains in automobile and furniture sales.

JPMorgan Chase said profit soared 47 percent in its fourth quarter. The results were partly a result of putting aside less money to cover losses on loans.

The Dow Jones industrial average is down 13 points, or 0.1 percent, to 11,720. The S&P 500 is up 1, or 0.1 percent, at 1,284. The Nasdaq is down 2, or 0.1 percent, at 2,733.