Mixed durable-goods details
March durable-goods orders jumped 9.2%, far above the 2.1% estimate, while core orders were flat against a 0.3% expected increase.
Apr 24, 2025 · QQQ/SPY Market Review · 29 headlines
QQQ climbs 3.30% as durable goods surprise and Big Tech earnings lead the day
QQQ ended 3.30% higher and SPY gained 2.42%, leaving QQQ ahead by 0.89 percentage point. Both recovered from premarket lows, opened modestly above the prior close, advanced through regular trading and added further gains after hours. The news mix paired a 9.2% durable-goods jump with a flat core reading, conflicting signals on China trade contacts, Waller's labor-market contingency, Intel's weak Q2 outlook and Alphabet's earnings and spending update.
Published
- QQQ
- +3.30%
- SPY
- +2.42%
- QQQ − SPY
- +0.89%
What shaped the session
Conflicting China trade signals
China denied that trade talks were under way, Trump later said meetings had occurred, and an overnight report said China was considering exemptions from its 125% tariffs on selected U.S. goods.
Fed policy contingency
Waller said tariff-driven inflation could be temporary and that a severe labor-market decline could justify larger and faster rate cuts.
Big Tech earnings and outlooks
Intel beat Q1 estimates but flagged tariff pressure and a weak Q2 outlook, while Alphabet reported a 46% net-income increase, maintained a 75 billion USD capital-spending plan and warned tariffs could affect advertising.
Key news
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