QQQ and SPY hold gains as a strong open fades late

QQQ finished up 0.74% and SPY rose 0.48%, with QQQ leading by 0.27 percentage points after both opened more strongly. Manufacturing and labor data, quantified tariff costs, and megacap earnings updates framed a session that lost momentum late.

Published Sep 9, 2026

QQQ: +0.74%
SPY: +0.48%
QQQ − SPY: +0.27%

What shaped the session

Manufacturing and labor data

Claims and two manufacturing surveys supplied the main scheduled macro evidence as both ETFs moved through the morning.

Tariff and trade costs

Updated company guidance put a large dollar range on tariff exposure, while trade policy remained an active risk context.

Megacap earnings

Amazon results kept earnings and after-hours trading in focus for a major index heavyweight.

Key news

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