Jan 16, 2025 · QQQ/SPY Market Review · 30 headlines
QQQ opened 0.16% above its previous close but finished down 0.74%. SPY opened 0.07% higher and ended down 0.21%, leading QQQ by 0.52 percentage point. The day's evidence included mixed retail-sales and jobless-claims data, Waller's conditional rate-cut outlook, and later technology-sector regulatory and earnings signals.
Published
December retail sales rose 0.4% from November, below the 0.6% estimate, while initial jobless claims reached 217,000 versus 210,000 expected. Fed Governor Christopher Waller said rate cuts could begin in several months if inflation followed current expectations.
The FTC referred a complaint about Snap's My AI chatbot to the Justice Department. Western Digital placed expected quarterly revenue at the midpoint of its $4.20 billion to $4.40 billion range and adjusted earnings per share at the low end of its $1.75 to $2.05 range, citing flash-pricing challenges.
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