Mixed U.S. data
January ADP employment rose by 183,000 versus 150,000 expected, while the ISM services index was 52.8 versus 54.3 expected.
Feb 5, 2025 · QQQ/SPY Market Review · 37 headlines
QQQ and SPY opened 0.62% and 0.35% below the previous close, then finished up 0.52% and 0.49%, with QQQ ahead by 0.02 percentage points. ADP employment topped estimates, while January ISM services activity missed expectations. OpenAI's rollout and Fed tariff-inflation remarks accompanied intraday strength, while AMD's weaker data-center guidance tempered the technology backdrop.
Published
January ADP employment rose by 183,000 versus 150,000 expected, while the ISM services index was 52.8 versus 54.3 expected.
Fed official Thomas Barkin said tariffs were unlikely to drive major near-term reshoring, while 12-month inflation should fall significantly in the first quarter.
OpenAI expanded Deep Research to all Pro users, while AMD guided first-quarter data-center revenue down 7% sequentially.
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