Patient Fed policy
Powell said the Fed was in no hurry to adjust rates, policy was well positioned, and officials could wait longer if inflation did not move toward 2%.
Feb 11, 2025 · QQQ/SPY Market Review · 46 headlines
SPY turns an opening loss into a slim gain as QQQ lags amid Fed, tariff and AI news
QQQ opened 0.57% lower and finished down 0.15%, while SPY recovered from a 0.35% opening loss to gain 0.08%. SPY led by 0.22 percentage points. Powell's patient policy message, the March 12 start date for steel and aluminum tariffs, and new European and Apple-linked AI initiatives framed the session.
Published
- QQQ
- -0.15%
- SPY
- +0.08%
- QQQ − SPY
- -0.22%
What shaped the session
Metal tariff timeline
The United States set March 12 as the start date for 25% tariffs on imported steel and aluminum, making the next trade-policy milestone explicit.
AI investment and deployment
The European Union announced a $200 billion AI investment plan, while Apple was reported to be working with Alibaba on AI features for iPhones in China.
Key news
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