Softer producer prices and claims
February PPI rose 3.2% from a year earlier, below the 3.3% forecast and the prior 3.5% reading. Weekly initial jobless claims were 220,000, below the 225,000 forecast and the prior 222,000.
Mar 13, 2025 · QQQ/SPY Market Review · 34 headlines
QQQ falls 1.25% amid cooler PPI and renewed trade pressure
QQQ fell 1.25% and SPY lost 0.89%, leaving SPY ahead by 0.36 percentage points. Softer producer prices and lower-than-forecast jobless claims coincided with a premarket advance, while trade friction and proposed U.S. investment limits on China framed sharper intraday declines. Iranian oil sanctions and elevated small-business uncertainty added geopolitical and policy context.
Published
- QQQ
- -1.25%
- SPY
- -0.89%
- QQQ − SPY
- -0.36%
What shaped the session
Trade and China investment friction
Trump threatened a 200% tariff on EU alcoholic products in response to the bloc's levy on U.S. whiskey. A separate report said the Senate proposed new limits on U.S. investment in China.
Geopolitical and business uncertainty
The U.S. sanctioned Iran's oil minister and Hong Kong-flagged vessels. The NFIB small-business uncertainty index rose four points to 104, its second-highest reading on record.
Key news
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