U.S. Stocks Edge Lower After Consumer Sentiment Unexpectedly Drops

Category: Markets / Finance / Mar 15, 2013 10:27AM EDT
Wall Street edged lower on Friday after consumer sentiment unexpectedly fell in March. The news comes just as the S&P 500 is within points of closing at an all-time closing high. The Thomson Reuters/University of Michigan preliminary sentiment index for March fell to 71.8 from 77.6 in February. According to the median estimate of 67 economists surveyed by Bloomberg, the scale was forecast to increase to 78. The Dow Jones industrial average .DJI fell 35.32 points or 0.24 percent, to 14,503.82, the S&P 500 .SPX lost 3.35 points or 0.21 percent, to 1,559.88 and the Nasdaq Composite .IXIC dropped 0.75 points or 0.02 percent, to 3,258.18. (Video Source: REUTERS)