While Wall Street keeps notching index records on the back of the corporate earnings machine, a different kind of record was broken across the rest of the country.

US consumer sentiment fell in April to a record low, in data that goes back to 1978, reflecting deepening worries around the economic fallout from the US-Israel war with Iran, including spiking gasoline prices, as well as inflation and affordability concerns.

The survey by the University of Michigan, however, comes as retail sales data released by the Trump administration earlier this week indicated consumers continue to spend on a broad range of merchandise.

Analysts have warned that gas prices, currently around $4 a gallon, could remain elevated for months even if a peace deal is reached. That could continue to weigh on sentiment.

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