QQQ pares early slide but closes 0.32% lower amid macro, Meta and OPEC+ updates

QQQ opened 0.85% below its prior close and finished 0.32% lower, while SPY opened 0.68% lower and closed down 0.26%. SPY led by 0.06 percentage points. Labor and housing releases were mixed, while Meta's European AI rollout and OPEC+ compensation plans coincided with some of the larger intraday moves. Micron's earnings beat arrived just after the close.

Published Sep 13, 2026

QQQ: -0.32%
SPY: -0.26%
QQQ − SPY: -0.06%

What shaped the session

Mixed labor and housing data

Initial claims were 223,000 versus 224,000 expected, while February existing-home sales reached 4.26 million versus 3.95 million expected.

Meta AI reaches Europe

Meta introduced its AI service in Europe while the bloc's regulators continued to scrutinize the rollout.

OPEC+ compensation plans

Seven OPEC+ countries submitted plans representing monthly compensation cuts of 189,000 to 435,000 barrels per day.

Micron beats estimates

Micron reported adjusted second-quarter EPS of $1.56 versus $1.42 expected and revenue of $8.05 billion versus $7.89 billion expected.

Key news

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