S&P 500 closes at record high, despite industrial output falling

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(Close): The S&P 500 index closed higher at a new record, just above its record close on Thursday.

The index rose 1.63 points - or 0.08% - to 2,122.73.

The Dow Jones closed up 25 points to 18,272.56, while the Nasdaq was down by 2.5 points to 5,048.29.

Trade was mixed after data showed that US industrial output fell for the fifth consecutive month, and consumer confidence also fell.

The University of Michigan's US consumer sentiment index plummeted to 88.6 in May, from 95.9 in April.

Nike was amongst the biggest winners of the day, rising 1.4%, whilst on the tech-heavy Nasdaq, Netflix shares rose 4.5% following reports it is in talks with a Chinese partner backed by Alibaba founder Jack Ma to launch online video services in China.

King Digital Entertainment, the mobile gaming company which developed the popular game "Candy Crush", bounced back and closed up 0.08%, after shares opened down 4.9%, after it warned of weaker profits.

Analysts say King needs another hit product.