U.S. stocks finished lower on Friday, with all three major indexes down 1 percent, as the dollar gained ground and commodity prices fell. In world markets, European stocks ended lower, led by the DAX in Germany falling 0.6 percent, while Asian markets ended mixed, with the Hang Seng in Hong Kong rising 0.9 percent and the Nikkei in Japan falling 0.7 percent. In U.S. economic news, the Labor Department said its Consumer Price Index (CPI) rose 0.4 percent last month after rising 0.5 percent in March. In the 12 months ending in April, CPI rose 3.2 percent, the biggest 12-month gain since October 2008. Meanwhile, the University of Michigan's preliminary consumer sentiment survey for May rose to 72.4, from 69.8 in April. Economists were expecting consumer sentiment to be at 69.5. The U.S. dollar rose versus the euro and versus the yen. Light sweet crude oil for June delivery rose 68 cents to $99.65 a barrel on the New York Mercantile Exchange. Gold futures fell $13.20 to $1,493.60 an ounce. The Dow Jones industrial average fell 100.17, or 0.8 percent, to 12,595.75. The broader Standard & Poor's 500 index fell 10.88, or 0.8 percent, to 1,337.77. The technology-heavy Nasdaq composite index fell 34.57, or 1.2 percent, to 2,828.47.
