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Nasdaq Moves Lower; US Consumer Sentiment Falls In May
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling around 0.2% points on Friday.
The Dow traded up 0.12% to 39,516.53 while the NASDAQ fell 0.21% to 16,311.23. The S&P 500 also fell, dropping, 0.01% to 5,213.72.
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Leading and Lagging SectorsFinancials shares rose by 0.4% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.7%.
Top Headline
The University of Michigan consumer sentiment declined to 67.4 in May versus 77.2 in the prior month, recording the weakest level in six months. However, markets were expecting a reading of 76.
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