New Delhi, May 16 -- Wall Street was lower on Friday though global equities were still poised for weekly gains, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce.

Oil prices remain relatively low, further supporting stocks and bonds.

U.S. consumer sentiment slumped further in May as one-year inflation expectations surged as households remained concerned about the economic impact of President Donald Trump's aggressive and often erratic trade policy, a University of Michigan survey showed.

Yields on U.S. Treasuries fell after data showed weaker housing starts than expected.

Wall Street's main indexes were lower on Friday, but were still on track for a robust weekly gain. MSCI's gauge of stocks across the gl...