Rates and macro data
Initial claims came in below estimates, the ECB cut rates by 25 basis points, and reports kept pressure on Federal Reserve leadership in focus.
Apr 17, 2025 · QQQ/SPY Market Review · 42 headlines
QQQ edges SPY after an intraday slide and after-hours recovery amid rate and tech headlines
QQQ gained 0.33% and SPY rose 0.27%, leaving QQQ ahead by 0.05 percentage points. Both opened higher, lost ground during regular trading, and recovered after hours as an ECB rate cut, pressure on Fed leadership, Google's advertising-technology ruling, and tariff-related supply-chain news framed the day.
Published
- QQQ
- +0.33%
- SPY
- +0.27%
- QQQ − SPY
- +0.05%
What shaped the session
Technology and regulation
TSM reported stronger first-quarter results and outlook, while a judge ruled against Google in an online advertising-technology monopoly case.
Tariffs and supply chains
MP Materials stopped rare-earth concentrate shipments to China amid retaliatory tariffs and export controls.
Key news
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