The Consumer Sentiment Index is measured each month by The University of Michigan, and rates the optimism consumers have on the U.S. Economy. For the month of September, consumer sentiment came in at 85.7, well below the expectations of 91.2.
Oil prices dropped more than 3.5% in the morning following a report from the International Energy Agency, stating that Non-OPEC oil production will drop by nearly 500,000 barrels per day in 2016.
Despite all the bad news that came out, stocks rebounded by the end of the day, led by McDonalds, United Health, Apple, and Kroger. Oil also recovered to close up .34% at $44.78 per barrel.
Here are the final numbers from Friday on Wall Street:
Dow Jones Industrial Average: 16,433.09 (+102.69)
NASDAQ: 4,822.34 (+26.09)
S&P 500: 1961.05 (+8.76)
