US Stocks Fall Following Unexpected Drop in Consumer Sentiment

Traders work on the floor at the New York Stock Exchange in New York.

Photographer: Michael Nagle/Bloomberg

US stocks stepped back from record highs on Friday as consumer sentiment fell for the first time since April.

The S&P 500 Index closed down 0.3% in New York, pulling back from prior levels. The Nasdaq 100 Index fell 0.5%, while the Dow Jones Industrial Average advanced 0.1%.