Consumer-sentiment index rises to 70.8 in June: Reuters/U. of Michigan


Notch another pretty good week for the U.S. economy. Almost every economic data point came in above expectations and/or indicating a positive for the economy, and the stock market held its own.

The most recent positive data point: the Reuters/University of Michigan Surveys of Consumers said its consumer-sentiment index for June (final) increased to 70.8 from a revised 68.7 in May, Reuters reported Friday. The index hit a cycle low of 55.3 in November; the index's record low of 51.7 was set in May 1980.