Jan 22, 2025 · QQQ/SPY Market Review · 22 headlines
QQQ opened 0.93% above its previous close and finished up 1.06%. SPY opened 0.50% higher and ended up 0.47%, leaving QQQ ahead by 0.59 percentage point. AI chip spending, data-center financing and semiconductor updates filled the session, alongside new Russia tariff threats and overnight U.S. investment plans from Saudi Arabia.
Published
ByteDance reportedly set aside $12 billion for AI chips. Databricks completed a $10 billion funding round with Meta participating, while new financing and land purchases advanced Oracle-linked and Amazon data-center projects.
Amphenol reported 30% fourth-quarter sales growth and record margins. MediaTek cited a 30% productivity gain with Cadence tools, the Dutch premier anticipated tighter pressure on ASML export controls, and SK Hynix reported a 102% revenue jump on AI-memory demand.
Redbook retail sales rose 4.5% from a year earlier, while the December U.S. Leading Index matched estimates at -0.1%. Extreme cold reduced North Dakota oil output and API estimated a 1 million-barrel weekly crude build.
Trump threatened tariffs and sanctions on Russian goods without a prompt agreement. Overnight, the Saudi crown prince outlined plans for $600 billion of U.S. investment over four years.
Loading the full-day price curve…
