04:05 PM EDT, 05/10/2024 (MT Newswires) -- US equity markets ended mixed Friday as traders assessed consumer sentiment data.

* The University of Michigan's preliminary consumer sentiment index declined to 67.4 in May from 77.2 in April, compared with expectations for 76.2 in a survey compiled by Bloomberg. Respondents saw one-year inflation expectations at 3.5%, up from 3.2% in April, while five-year inflation expectations rose to 3.1% from 3%. Both were the highest since November.

* Federal Reserve Governor Michelle Bowman said that the Federal Open Market Committee should proceed "carefully and deliberately" when making monetary policy decisions to achieve the 2% inflation goal.

* June West Texas Intermediate crude oil closed down $0.88 to $78.38 per barrel, while July Brent crude, the global benchmark, was last seen down $0.97 to $82.91.

* The White House is planning to issue new tariffs as soon as next week on Chinese-made medical devices and supplies, Reuters reported, citing two people familiar with the matter.

* Novavax ( NVAX ) shares doubled after announcing a co-exclusive licensing agreement with Sanofi ( SNY ) to provide broader access to a protein-based non-mRNA adjuvanted COVID-19 vaccine from 2025 and beyond. Shares of Sanofi ( SNY ) rose 1.2%.