Jan 9, 2025 · QQQ/SPY Market Review · 35 headlines
U.S. equities were closed, leaving QQQ and SPY without a session move. Fed Governor Michelle Bowman said inflation risks remained elevated and progress had stalled, while Boston Fed President Susan Collins expected fewer rate cuts in 2025 because employment remained strong and inflation persisted. U.S. consumer credit fell by $7.5 billion in November and revolving debt fell by $13.8 billion. The Netherlands signed a €204.5 million AI-facility agreement with Nvidia, and Taiwan Semiconductor reported December 2024 revenue growth of 57.8%.
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Bowman said inflation risks remained elevated and progress had stalled. Collins expected fewer rate cuts in 2025 because employment stayed strong and inflation persisted, while Barkin warned that limited fiscal space would raise risks in a future recession.
The Netherlands signed a €204.5 million AI-facility agreement with Nvidia. Taiwan Semiconductor reported 57.8% year-over-year revenue growth for December 2024, and Super Micro began shipping servers using Intel Xeon 6900 processors.
U.S. consumer credit fell by $7.5 billion in November and revolving balances fell by $13.8 billion. Tesla also launched a refreshed Model Y with a direct-comparison campaign that drew a brief response from Xiaomi CEO Lei Jun.
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