Jan 12, 2025 · QQQ/SPY Market Review · 15 headlines
U.S. markets were closed, leaving QQQ at $508.95 and SPY at $582.10 with no session move. Weekend and early-Monday news highlighted OpenAI's robotics hiring and in-house hardware plans, TSMC's U.S. 4nm production, China's cross-border financing adjustment, and fresh trade tensions involving Canada and shipbuilding.
Published
OpenAI expanded its robotics hiring while planning in-house sensors and computing components. TSMC was reported to be producing 4nm chips in the United States, keeping AI hardware development and domestic semiconductor capacity in view.
China's central bank and foreign-exchange regulator raised a cross-border financing parameter for the first time in nearly 18 months. A separate report said the United States was examining China's subsidies and trade practices in global shipbuilding.
Justin Trudeau said Canada was prepared to respond with tariffs if necessary and pointed to higher border-security spending. The statement added another concrete trade-policy risk ahead of the incoming U.S. administration.
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