Jan 11, 2025 · QQQ/SPY Market Review · 5 headlines
U.S. markets were closed, so QQQ and SPY carried Friday's closes of $508.95 and $582.10 and stayed essentially flat. Weekend news centered on technology companies' ties with Washington, contrasting Apple demand and Tesla robot plans, and a push for a Gaza ceasefire before Trump's inauguration.
Published
CEOs from OpenAI, Meta and Coinbase planned to attend Trump's inauguration, while President Biden criticized Meta's plan to end fact-checking. The reports kept technology-platform relations with the incoming and outgoing administrations in focus.
Ming-Chi Kuo said Apple Intelligence had not lifted iPhone sales, while Tesla aimed to sell humanoid robots to consumers in 2026. The two reports highlighted contrasting demand and commercialization narratives in consumer technology.
Trump's Middle East envoy arrived in Israel to press for an Israel-Hamas ceasefire before the presidential inauguration, adding a concrete geopolitical development to the weekend news flow.
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