Wall Street Eyes Inflation and US-China Summit Next Week
Investors await April inflation data and a meeting between US and Chinese leaders. Markets remain focused on the Iran conflict and strong corporate earnings.
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Data, Iran, US-China meeting in focus for scorching US stock market
The S&P 500 rose 16% from its annual low as investors prepare for inflation data and geopolitical meetings. The index is up 8% for 2026 following the strongest quarterly earnings season in four years. Market momentum now depends on whether cooling energy prices can offset a hawkish Federal Reserve stance.
