Labor data and Fed caution precede Amazon's outlook as QQQ gains 0.48%

QQQ and SPY opened 0.05% and 0.22% above the previous close, then ended the period with gains of 0.48% and 0.29%, leaving QQQ ahead by 0.19 percentage points. Initial claims were 219,000 versus 214,000 expected, continuing claims were 1.886 million versus 1.87 million expected, and fourth-quarter nonfarm productivity was 1.2% versus 1.5% expected. Goolsbee said uncertainty implied a slower pace of cuts. Amazon beat quarterly EPS and sales estimates, then set first-quarter revenue at $151.0 billion to $155.5 billion.