U.S. reports lower consumer sentiment in October

All is not rosy among U.S. economic forecasts.

Figures released Friday by the University of Michigan revealed that U.S. consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook.

The college's sentiment index fell to 99 (est. 100.5) from prior month’s 100.1. The current conditions gauge decreased to 114.4 from 115.2, while the expectations measure slid to 89.1 from 90.5.

The poll was conducted from Sept. 26 through Oct. 10, the day the S&P 500 index fell by the most since February.