Apr 26, 2025 · QQQ/SPY Market Review · 9 headlines
U.S. equity markets were closed for the weekend, leaving QQQ and SPY without a regular-session move. News included China's cancellation of U.S. pork orders, a JPMorgan survey on stagflation and trade-war risks, a deadly blast at an Iranian port, Tesla's Canadian pricing response to tariffs, Intel workforce reductions, and Apple's reported plan to shift more iPhone production to India.
Published
China canceled the largest volume of U.S. pork orders since 2020, a JPMorgan survey highlighted stagflation and trade-war concerns, and an Iranian port blast tied to a missile-fuel shipment left at least five people dead and more than 700 injured.
Tesla raised Canadian prices while moving pre-tariff inventory, Apple's China smartphone share fell as Huawei took the lead, China auto imports dropped sharply, and Apple reportedly sought to make nearly all U.S.-market iPhone 18 units in India.
UK DeepMind staff were reportedly trying to unionize, while Intel CEO Lip-Bu Tan confirmed workforce reductions beginning in the second quarter.
Loading the full-day price curve…
