Mar 26, 2025 · QQQ/SPY Market Review · 49 headlines
QQQ fell 2.10% and SPY lost 1.36%, leaving QQQ behind by 0.74 percentage points after opening 0.24% and 0.05% lower. February durable goods orders rose 0.9% against a 1.1% decline expected, while core orders rose 0.7% versus 0.2% expected. Trade and technology risk stayed prominent as the U.S. added more than 50 Chinese organizations to an export restriction list, Trump announced tariffs of up to 25% on imported autos, and Microsoft was reported to have abandoned 2-gigawatt data-center projects in the U.S. and Europe. Musalem said inflation could stall above 2% and policy should remain patient.
Published
February durable goods orders rose 0.9% versus a 1.1% decline expected, and core orders rose 0.7% versus 0.2% expected. Musalem later said the risk of inflation stalling above 2% had increased and policy should remain patient.
The U.S. added more than 50 Chinese organizations to an export restriction list covering advanced AI, semiconductors, and supercomputing. Microsoft was later reported to have abandoned U.S. and European data-center projects planned for 2 gigawatts of power.
Trump announced tariffs of up to 25% on automobiles not made in the United States, effective April 2 with collection beginning the following day.
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