Wall St Week Ahead: Data, Iran, US-China Meeting in Focus for Scorching US Stock Market

💡 Investors will be watching key economic data, the Iran nuclear deal, and the US-China meeting for potential market-moving developments.

The US stock market is set to close out a scorching week, with the S&P 500 up nearly 3% since Monday. Investors will be watching key economic data, the Iran nuclear deal, and the US-China meeting for potential market-moving developments.

Market Sentiment

Market sentiment remains upbeat, with the S&P 500 trading near all-time highs. The benchmarks' recent surge has been driven by a combination of fiscal stimulus, monetary easing, and strong corporate earnings. $SPY has been a major beneficiary of this trend, with the ETF up over 10% year-to-date.

Iran Nuclear Deal

The Iran nuclear deal is set to be a major focus for investors over the coming days. The deal, which was reached in 2015, is set to expire in 2023. Negotiations between Iran and world powers have been ongoing, with the two sides yet to reach a new agreement. A failure to reach a deal could have significant implications for the global oil market, with Iran's oil exports currently banned.

US-China Meeting

The US-China meeting is also set to be a major focus for investors. The meeting, which is set to take place in Beijing, is expected to be a key test of the relationship between the two nations. The meeting will cover a range of issues, including trade, security, and technology. A positive outcome could have significant implications for the global economy, with the two nations accounting for over 20% of global GDP.

Economic Data

Economic data will also be a key focus for investors over the coming days. The release of the US GDP data will be closely watched, with markets expecting a strong reading. The data will provide insight into the health of the US economy and will influence market sentiment.

What It Means for Investors