Jan 17, 2025 · QQQ/SPY Market Review · 23 headlines
QQQ opened 0.97% above its previous close and finished up 1.72%. SPY opened 0.64% higher and ended up 1.02%, leaving QQQ ahead by 0.70 percentage point. The day's evidence included stronger-than-expected housing starts and industrial production, a Supreme Court decision on TikTok, and later technology and fiscal-policy updates.
Published
December housing starts reached 1.499 million against a 1.330 million estimate, while building permits were 1.483 million versus 1.460 million expected. Industrial production rose 0.9% from November, above the 0.3% estimate.
The Supreme Court upheld the TikTok ban-or-sale law. President-elect Donald Trump said he would decide the platform's future after reviewing the situation, and TikTok later said it would stop U.S. operations on Sunday without government assurances.
An FTC report raised antitrust concerns about Microsoft's partnership with OpenAI. Nvidia said new advanced-chip due diligence rules were not expected to affect its China sales, while Treasury Secretary Janet Yellen said debt-limit extraordinary measures would start on January 21.
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