Jan 7, 2025 · QQQ/SPY Market Review · 36 headlines
QQQ opened down 0.02% and ended down 1.57%. SPY opened up 0.13% and ended down 0.99%. SPY led by 0.59 percentage points. During the regular session, QQQ fell 1.47 percentage points and SPY declined 1.01 percentage points. December ISM non-manufacturing prices reached 64.4 versus a 57.5 estimate, the headline PMI was 54.1 versus 53.5 expected, and November JOLTS openings were 8.098 million versus 7.730 million estimated. Over the next 15 minutes, QQQ fell 0.60% and SPY declined 0.55%, with three nearby headlines. Other developments included Meta's content-policy overhaul, a planned 20 billion dollar data-center investment, Nvidia's Blackwell update, and proposed tariffs on Mexico and Canada.
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December ISM non-manufacturing prices were 64.4 versus a 57.5 estimate, while the headline PMI was 54.1 versus 53.5 expected. November JOLTS openings reached 8.098 million versus a 7.730 million estimate. Over the next 15 minutes, QQQ fell 0.60% and SPY declined 0.55%, with three nearby headlines.
Meta said it would replace third-party fact-checking with Community Notes and ease some content restrictions. President-elect Trump said he was considering serious tariffs on Mexico and Canada.
A 20 billion dollar investment in new data centers was announced. Nvidia's CFO said Blackwell shipments were on track and expected data-center growth, while later reports detailed Microsoft and Amazon AI infrastructure investments.
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