February employment report
Nonfarm payrolls increased by 151,000 versus 159,000 expected, while unemployment rose to 4.1% from 4.0%.
Mar 7, 2025 · QQQ/SPY Market Review · 45 headlines
QQQ leads a rebound from midday lows as jobs and Fed signals shift
QQQ rose 0.55% and SPY gained 0.35%, leaving QQQ ahead by 0.20 percentage points after both recovered from midday lows. The session combined a softer-than-expected payroll gain and a 4.1% unemployment rate with Powell's wait-and-see stance, while Meta and DeepSeek headlines kept AI products and policy in focus.
Published
- QQQ
- +0.55%
- SPY
- +0.35%
- QQQ − SPY
- +0.20%
What shaped the session
Fed policy stance
Powell said the Fed did not need to rush to adjust rates because policy and economic uncertainty remained high.
AI products and policy
Meta was reported to be considering subscriptions and ads for its AI assistant while upgrading Llama 4, and the Wall Street Journal reported a possible U.S. government-device ban on DeepSeek.
Key news
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