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Revised GDP, sentiment on tap

Today's agenda brings two revisions to old data points.

The Commerce Department will release its final estimate for second-quarter gross domestic product at 8:30 a.m. ET. Economists expect the reading to remain at 3.7 percent growth.

The University of Michigan's consumer sentiment index at 10 a.m. ET is forecast to increase to 87 from the 85.7 figure reported previously.

BlackBerry also announces earnings before the opening bell.

Next week's calendar features several major reports that could have a big impact on sentiment as investors look for clues on the direction of monetary policy.

Personal income and spending, pending home sales, and the Federal Reserve's regional-activity index get the ball rolling Monday.

Tuesday brings several European sentiment surveys, but the most important number will be U.S. consumer confidence. The Case-Shiller index of home prices are also due, along with Costco earnings in the post-market.

Wednesday's big event is ADP's private-sector payrolls report. European inflation, mortgage applications, the Chicago Purchasing Managers Index, and crude-oil inventories are also due. Paychex reports in the morning.

The following overnight session brings revised manufacturing data for China and Europe.

Thursday features jobless claims, the Institute for Supply Management's key manufacturing index, construction spending, and natural-gas inventories. Micron Technology announces results after the closing bell.

The week concludes with the Labor Department's key non-farm payrolls report Friday morning, followed by factory orders.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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