Canada tariff reversals
The administration first announced another 25% tariff on Canadian steel and aluminum, lifting the planned rate to 50%. The White House later said the 50% rate would not take effect the next day.
Mar 11, 2025 · QQQ/SPY Market Review · 37 headlines
QQQ edges higher while SPY falls as tariff plans swing
QQQ rose 0.19% while SPY fell 0.50%, putting QQQ ahead by 0.69 percentage points. Shifting Canada tariff plans, firmer-than-expected job openings, a proposed Ukraine ceasefire, and reported AI distribution deals framed the day's divergence.
Published
- QQQ
- +0.19%
- SPY
- -0.50%
- QQQ − SPY
- +0.69%
What shaped the session
Labor demand
January JOLTS job openings reached 7.740 million, above the 7.650 million estimate, while the prior reading was revised down to 7.508 million.
Ukraine ceasefire talks
Ukraine accepted a U.S. proposal for an immediate interim 30-day ceasefire after talks in Jeddah, and the United States said it would resume assistance and intelligence sharing.
AI distribution
Google and Anthropic were reportedly discussing secure AI-model distribution arrangements with Snowflake and Databricks, while Snowflake was also in talks to offer Gemini models.
Key news
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