Jan 30, 2025 · QQQ/SPY Market Review · 19 headlines

QQQ and SPY gain amid softer GDP and a 25% tariff pledge

QQQ gained 0.84% and SPY rose 0.68% through the following overnight session, leaving QQQ ahead by 0.16 percentage points. U.S. Q4 advance GDP grew 2.3% annualized versus 2.6% expected. initial jobless claims were 207,000 versus 220,000 forecast, and Q4 core PCE prices rose 2.5% as expected. Trump said he would impose 25% tariffs on Canada and Mexico, a prospective statement. After the close, Intel beat Q4 estimates but gave weaker Q1 guidance. Apple beat fiscal Q1 EPS and sales estimates, while Greater China revenue fell 11% year over year.

Published

QQQ
+0.84%
SPY
+0.68%
QQQ − SPY
+0.16%

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