The S&P 500 ended its streak of four consecutive record closes on Friday, finishing marginally lower, the Dow fell 57 points, while the Nasdaq added 0.1% to extend its closing record streak to 5. Market sentiment was dampened by the Michigan consumer sentiment index unexpectedly dropping to a seven-month low and rising inflation expectations for the five-year period.
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The S&P 500 ended its streak of four consecutive record closes on Friday, finishing marginally lower, the Dow fell 57 points, while the Nasdaq added 0.1% to extend its closing record streak to 5. Market sentiment was dampened by the Michigan consumer sentiment index unexpectedly dropping to a seven-month low and rising inflation expectations for the five-year period.