The stock market closed out May on a mostly higher note Friday, sending the Dow and S&P to record highs, despite two somewhat disappointing reports on the US consumer. The Commerce Department said spending unexpectedly fell 0.1 percent in April, its first drop in a year. Economists, however, expect the dip temporary, however. Separately, the University of Michigan’s consumer sentiment index fell more than analysts expected. Lions Gate Entertainment was one of the biggest decliners after it reported 35 cents per share profit, a 70 percent drop from the year before. Sunglasses retailer Pacific Sunwear dropped on a loss warning.