The S&P 500 has edged higher to a new record in choppy trade following disappointing reports on US industrial production and consumer confidence.

At the closing bell on Friday, the S&P 500 was at 2,122.71, up 1.61 points (0.08), notching its second straight record close.

The Dow Jones Industrial added 20.08 (0.11 per cent) at 18,272.32, while the tech-rich Nasdaq Composite Index dipped 2.50 (0.05 per cent) to 5,048.29.

“There’s not a lot of movement, especially considering most of the economic data we got this morning was a bit disappointing,” said Art Hogan, chief market strategist at Wunderlich Securities.

US industrial production fell 0.3 per cent in April, the fifth straight month of decline, according to Federal Reserve data.

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

Offsetting these data were the pullback in the US dollar and US Treasury yields, Hogan said.