Indices closed in red territory on Friday, May 17, 2019. Brands including Caterpillar, Intel and 3M dipped on news that trade talks with China are at an impasse. Earlier in the session, markets lifted on reports that the United States, Canada and Mexico agreed on a plan to remove duties on steel and aluminum. On another note, a measure of consumer confidence hit a 15-year high. In a preliminary reading for May, the University of Michigan’s consumer sentiment index climbed to 102.4. The result exceeded expectations of 97.1.