Mar 16, 2025 · QQQ/SPY Market Review · 13 headlines
U.S. markets were closed Sunday, with QQQ and SPY carrying Friday's closing levels of $479.65 and $562.79. Weekend news centered on policy and geopolitical risk as Trump signed a short-term spending bill, the Houthis threatened retaliation after U.S. airstrikes in Yemen, and Foxconn's chief executive warned about tariff uncertainty. Apple reportedly delayed upgraded Siri features until 2026, while Tencent was reported to be buying Nvidia H20 chips. China's February industrial production rose 5.9% and its unemployment rate reached 5.4%.
Published
Trump signed a short-term spending bill to avert a U.S. government shutdown. The Houthis threatened retaliation after U.S. airstrikes in Yemen reportedly killed at least 31 people. Foxconn CEO Young Liu said U.S. tariff policy was creating severe uncertainty for technology customers.
Apple reportedly delayed upgraded Siri features until 2026. Tencent was reported to be making a large purchase of Nvidia H20 chips to support demand related to DeepSeek.
China's February industrial production rose 5.9% year over year, above the 5.3% estimate but below the prior 6.2% reading. The unemployment rate was 5.4%, above both the 5.1% estimate and prior reading.
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