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Markets have been volatile in the first hour of trading, opening higher after the release of GDP revisions , moving lower with a disappointing business report for the Midwest, and then rebounding after a Consumer Sentiment survey beat expectations. As of 10:30, the S&P is up 0.51% to 911, the Dow has climbed 0.35% to 8432, and the Nasdaq has followed suit with a 0.42% advance to 1759. Beginning the day at 8:30 am were revisions to Q1 GDP , which came in at -5.7%. Markets were looking for a -5...

The preliminary consumer sentiment survey from Reuters & the University of Michigan soared over 10 points to 73.1 from last month's 63.0 reading. Also, one-year inflation expectations moved down dramatically to 3.6% from August's 4.8% forecast...

With oil prices falling and a presidential election in less than two months , U.S. consumer confidence may be heating up, says a monthly survey from RBC on Thursday. The index has advanced for two consecutive months, including major boosts in each of...

The preliminary consumer sentiment survey from Reuters & the University of Michigan improved half a point to 61.7, following the previous month's near five-point rebound. Also, one-year inflation expectations moved down to 4.8% from July's 5.1% forecast.

The slight improvement contrasts with the recent deterioration in the weekly survey of consumer comfort from ABC News.

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Friday's highlights include the release of U.S. durable goods and new home sales for June along with a final look at consumer sentiment for the United States. There are no major scheduled macroeconomic releases or events for Canada.

At 8:30 a.m. EDT, the U.S. Commerce Department will release durable goods orders for June. Economists expect a 0.3% month-over-month decline...

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The preliminary consumer sentiment survey from Reuters and the University of Michigan rebounded for the first time since January, reaching a score of 56.6 in July from June's reading of 56.4.

The consensus was expecting a further decline to 55.5.

According to the report, 90% of respondents said they thought the U.S. economy was in recession, with the downturn expected to deepen further.

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According to preliminary data from Reuters and the University of Michigan, U.S. consumer sentiment fell sharply from March's final 69.5 to a score of 63.2, the lowest level since March 1982 when the index stood at 62.2.

Economists had been expecting a deterioration to 69.0.

"The consensus forecast was always way too optimistic given the huge drop in...

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