WASHINGTON _ Standard& Poor's releases S&P/Case-Shiller index of home prices for March and the first quarter, 9 a.m. Eastern; The Conference Board releases the Consumer Confidence Index for May, 10 a.m..
NEW YORK, May 17- U.S. consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling. We expect that this is going to be a very long and gradual recovery, "said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.
NEW YORK, May 17- U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released on Friday showed.
*University of Michigan consumer sentiment data, leading indicators on tap. *J.C. Penney dips after earnings. Data expected on Friday includes the Thomson Reuters/ University of Michigan Surveys of Consumers preliminary May consumer sentiment index at 9:55 a.m..
*J.C. Penney dips after earnings. *Kansas City Southern to join S&P 500. *Data expected on Friday includes the Thomson Reuters/ University of Michigan Surveys of Consumers preliminary May consumer sentiment index at 9:55 a.m..