Jan 26, 2025 · QQQ/SPY Market Review · 10 headlines
U.S. markets were closed Sunday, leaving QQQ at $528.71 and SPY at $607.38 with no session move. A deportation-flight dispute produced a 25% U.S. tariff announcement and a Colombian 50% counterthreat before an agreement led Trump to withdraw his own 50% threat. DeepSeek topped Apple's U.S. free-app chart, Meta formed teams to study its methods, and Nvidia fell 3.12% overnight as GPU-spending doubts spread. China's January manufacturing PMI fell to 49.1, while composite and non-manufacturing readings were both 50.2. Perplexity also proposed a TikTok U.S. merger structure involving a 50% government stake through a $300 billion IPO.
Published
Trump announced a 25% tariff after Colombia rejected U.S. deportation flights, while Colombia threatened a 50% tariff on U.S. goods. After the countries reached an agreement, Trump withdrew the U.S. threat of a 50% tariff on Colombian imports.
DeepSeek reached first place on Apple's U.S. free-app chart. Meta reportedly formed teams to study its cost and data methods, while Nvidia fell 3.12% overnight as the model raised doubts about the scale of GPU spending.
China's January manufacturing PMI was 49.1 versus a 50.1 estimate and prior reading. Composite PMI was 50.2 versus a 52.1 estimate and 52.2 prior, while non-manufacturing PMI fell to 50.2 from 52.2.
Perplexity proposed merging with TikTok's U.S. operations and giving the U.S. government a 50% stake through a $300 billion IPO. ByteDance would remain involved without its recommendation algorithm.
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