Sunday brings Fed caution, AI supply shifts and services data

U.S. markets were closed for the weekend, leaving QQQ and SPY at Friday's carried closes. News centered on the Fed's unfinished inflation fight, Foxconn's 42% December sales increase, Microsoft's pause on part of a $3.3 billion data center project, and diverging services data from China and Japan.

Published Sep 13, 2026

QQQ: 0.00%
SPY: 0.00%
QQQ − SPY: 0.00%

What shaped the session

Fed inflation path

Two Federal Reserve officials said the 2% inflation target still must be achieved while policymakers continue monitoring labor-market conditions.

AI hardware supply

Foxconn reported 42% December sales growth on AI demand, while Samsung's Galaxy S25 series was reported likely to rely primarily on Micron memory.

Microsoft data center

Microsoft paused the second phase of its $3.3 billion Mount Pleasant data center project to reassess the design and integrate new technology.

Asian services data

China's Caixin services PMI rose to 52.2, above the 51.7 estimate, while Japan's services PMI was 50.9, below the 51.4 estimate.

Key news

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