What to Watch in the Day Ahead - Friday, Feb. 27

U.S. Commerce Department releases preliminary data for gross domestic product for the fourth quarter, which is expected to have increased 2.1 percent. (0830/1330) Meanwhile, University of Michigan's final February reading on the overall index on consumer sentiment is likely to come in at 94.0, above the preliminary February reading of 93.6. (1000/1500) In a separate report, the National Association of Realtors issues its January Pending Home Sales Index. (1000/1500)