AI investment and chips
France announced a $112 billion AI investment package, while OpenAI was reported to be nearing completion of a chip design using TSMC's 3-nanometer process.
Feb 10, 2025 · QQQ/SPY Market Review · 33 headlines
QQQ carries an opening jump to a 1.05% gain as AI and trade-policy news build
QQQ opened 0.81% higher and finished up 1.05%, while SPY ended up 0.53%, leaving QQQ ahead by 0.51 percentage points. AI investment and chip design, New York Fed inflation expectations, and trade-policy actions framed the day. Part of the advance faded after regular trading.
Published
- QQQ
- +1.05%
- SPY
- +0.53%
- QQQ − SPY
- +0.51%
What shaped the session
Inflation expectations
The New York Fed reported that one-year consumer inflation expectations stayed at 3.0%, matching both the estimate and prior reading.
Trade-policy risk
Reports that China was weighing antitrust scrutiny of major U.S. technology companies were followed after regular trading by a signed 25% steel and aluminum tariff order.
Key news
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