Stock market live updates: Stocks dip, Trump China press conference looms, Dow up 2% on week
The decline in the U.S. stock market on Friday was broad, but modest as tensions between the U.S. and China, as well as an upcoming press conference hosted by President Trump, dampened an otherwise strong week. The Dow and S&P 500 are on track to finish the week up 3.2% and 2%, respectively.
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10 am: Consumer sentiment rises to 72.3 in May, but fails to meet forecasts
The University of Michigan said Friday that its consumer sentiment index rose to 72.3 in May from 71.8 in April. Though the print suggests that Americans felt slightly more optimistic this month than they did in April, the figure failed to meet what economists polled by Dow Jones had expected, a reading of 74. Americans remain historically conservative with their personal…