Economists expected the University of Michigan's Consumer Sentiment Index to hit 97.5 in May, according to Thomson Reuters. » Read More
Economic activity in the services sector grew in December for the 83rd consecutive month, according to the Institute for Supply Management.
The Commerce Department said that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006.
Analysts had forecast a 0.4 percent increase in November.
Economists polled by Reuters expected the Consumer Confidence Index to hit 109 in December.
The Index of Consumer Sentiment hit 98.2 in December, the University of Michigan reported on Friday.
The Commerce Department said on Friday new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month.
The Commerce Department said consumer spending rose 0.2 percent after an upwardly revised 0.4 percent increase in October.
October's sales pace was revised down to 5.57 million units from the previously reported 5.60 million units.
Rising yields in the United States could make it harder for Beijing to keep managing its tremendous debt problem.
Economists had expected the index to rise to 94.5, according to a Thomson Reuters consensus estimate.
The Commerce Department says that wholesale inventories fell 0.4 percent, the largest drop in eight months.
The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum.
Duties on imports would hurt China, but they could hit many U.S. multinational corporations especially hard.
The bureau also said the number of hires and separations were little changed at 5.1 million and 4.9 million, respectively.
Banks should taper expectations for regulatory change from the Trump administration, the Goldman Sachs executive told CNBC's "Fast Money."
This time around, the "get tough on China" talk may be more than empty campaign rhetoric.
The Commerce Department said new orders for manufactured goods rose 2.7 percent after an upwardly revised 0.6 percent gain in September.
The index was expected to hit 52.2 for November, an increase from 51.90 in the prior month's reading.
Consumers had a more optimistic outlook about the economy, according to a monthly survey released Tuesday.
Brick-and-mortar retailers are embracing the online retail space and it's paying off, National Retail Federation CEO Matthew Shay says.