Dow Jones Gains Steam: Is Netflix’s Earnings Surge and Michigan Sentiment the Market’s Next Big Catalyst or Just a Mirage?
On the data front, investors await preliminary Michigan Consumer Sentiment Index (CSI) data for July, which will be published at 14:00 GMT. The sentiment data is expected to have improved slightly to 61.5 from 60.7 in June, a scenario that is favorable for demand of US equities.
Economic Indicator
Michigan Consumer Sentiment Index
The Michigan Consumer Sentiment Index, released on a monthly basis by the University of Michigan, is a survey gauging sentiment among consumers in the United States. The questions cover three broad areas: personal finances, business conditions and buying conditions. The data shows a picture of whether or not consumers are willing to spend money, a key factor as consumer spending is a major driver of the US economy. The University of Michigan survey has proven to be an accurate indicator of the future course of the US economy. The survey publishes a preliminary, mid-month reading and a final print at the end of the month. Generally, a high reading is bullish for the US Dollar (USD), while a low reading is bearish.
Next release:
Fri Jul 18, 2025 14:00 (Prel)
Frequency:
Monthly
Consensus:
61.5
Previous:
60.7
Source:
University of Michigan
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