Inflation and the Fed
March core CPI rose less than expected, while Goolsbee described tariffs as a stagflationary shock without a standard policy response.
Apr 10, 2025 · QQQ/SPY Market Review · 55 headlines
QQQ slides 4.89% as tariff and rate concerns outweigh softer inflation
QQQ fell 4.89% and SPY lost 4.83%, with SPY ahead by 0.06 percentage points after both opened sharply lower. Softer March core inflation, the clarification that China tariffs totaled 145%, the Fed's stagflation concern, and a higher 30-year auction yield framed the session.
Published
- QQQ
- -4.89%
- SPY
- -4.83%
- QQQ − SPY
- -0.06%
What shaped the session
China tariff escalation
The White House clarified that U.S. tariffs on China totaled 145%, keeping trade-policy risk at the center of the session.
Long-bond yields
The 30-year Treasury auction cleared at 4.81%, above the prior 4.62%, alongside a sharp reversal in both ETFs.
Key news
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