With latest consumer sentiment data, a good week just got a little better

Don't look now, but the U.S. economy is set to record a pretty good week. Almost every economic data point came in above expectations or indicated a positive for the economy, and the stock market is set to record a weekly gain.

Another modestly positive development was registered Friday, when the Reuters/University of Michigan Surveys of Consumers said its final consumer sentiment index for March increased to 57.3, revised higher from the preliminary 56.6 released earlier, and above February's 56.3. The index's record low of 51.7 was set in May 1980. Economists surveyed by Bloomberg News had expected the index to fall back to match February's figure.