Mixed macro data
Housing starts exceeded estimates, while the New York Fed services index pointed to a deeper contraction before the opening bell.
Mar 18, 2025 · QQQ/SPY Market Review · 38 headlines
QQQ opened 0.69% below the prior close and finished the session down 1.66%, while SPY opened 0.41% lower and ended down 1.08%. Housing and regional services data gave mixed macro signals before the open. Tariff policy, geopolitical developments, and NVIDIA product announcements supplied additional context as technology shares lagged the broader market.
Published
Housing starts exceeded estimates, while the New York Fed services index pointed to a deeper contraction before the opening bell.
Treasury Secretary Scott Bessent's April 2 tariff-number comments kept trade policy in focus shortly after the market opened.
A conditional halt to strikes on Ukrainian energy infrastructure added a geopolitical development during afternoon trading.
NVIDIA's Dynamo open-source inference software extended the day's AI product news while QQQ remained below its prior close.
Loading the full-day price curve…