Trade tariff escalation
China raised additional tariffs on U.S. goods to 125% from 84%, while a later chip-origin rule differentiated Taiwan-fabricated and U.S.-fabricated semiconductors.
Apr 11, 2025 · QQQ/SPY Market Review · 45 headlines
SPY gains 1.85% and edges QQQ amid softer PPI, tariffs and rate strain
SPY gained 1.85% and QQQ rose 1.78%, with SPY ahead by 0.07 percentage points after both opened slightly lower. A softer March PPI, China's tariff increase on U.S. goods, rising Michigan inflation expectations, and Federal Reserve comments on inflation and market stability framed the session.
Published
- QQQ
- +1.78%
- SPY
- +1.85%
- QQQ − SPY
- -0.07%
What shaped the session
Inflation data
March headline PPI fell 0.4% from the prior month, but Michigan's one-year inflation expectation climbed to 6.7% from 5.0%.
Federal Reserve signals
Musalem warned of higher inflation alongside a weaker job market, while Collins said the central bank was ready to use tools to stabilize markets if needed.
Key news
Loading the full-day price curve…