U.S. tariff expansion
The U.S. announced a 10% tariff on Chinese goods and 25% tariffs on imports from Canada and Mexico, placing trade policy at the center of the weekend news flow.
Feb 1, 2025 · QQQ/SPY Market Review · 5 headlines
With U.S. markets closed Saturday, tariffs, AI strategy and Tesla production shape the news
QQQ and SPY remained at Friday's carried closes while U.S. markets were closed. News focused on new U.S. tariffs on Chinese, Canadian and Mexican goods, OpenAI's response to DeepSeek, refreshed Model Y production and DOGE's request for Treasury payment-system access.
Published
- QQQ
- 0.00%
- SPY
- 0.00%
- QQQ − SPY
- 0.00%
What shaped the session
AI strategy after DeepSeek
OpenAI was reported to be reconsidering its closed-source approach after DeepSeek's emergence, highlighting competitive pressure across the AI ecosystem.
Tesla production and government operations
Tesla began global production of the refreshed Model Y ahead of March deliveries. Separately, DOGE representatives reportedly sought access to Treasury payment systems amid controversy and an official's departure.
Key news
Loading the full-day price curve…