Economy
Consumer Sentiment Hits Record Low as Iran Conflict Fuels Inflation Fears
U.S. consumer sentiment plummeted to a new low of 44.8 in May, driven by high gas prices and escalating inflation concerns linked...

U.S. consumer sentiment plummeted to a new low of 44.8 in May, driven by high gas prices and escalating inflation concerns linked...

The S&P 500 hits all-time highs while consumer sentiment plummets. This apparent contradiction is explained by equity ownership disparity and market-cap weighting.

The dollar index declined on Friday, pressured by softer-than-expected US inflation and consumer sentiment data, alongside anticipation of US-Iran peace talks.