Opening losses recovered
Both funds opened at least 1% below the prior close, improved during regular trading, and advanced further after the close to finish nearly unchanged.
May 6, 2025 · QQQ/SPY Market Review · 53 headlines
Deep opening losses unwind as QQQ and SPY finish nearly flat
QQQ and SPY opened 1.32% and 1.00% lower, then recovered to finish nearly flat, with QQQ up 0.02% and SPY down 0.02%. Energy policy, geopolitical developments, Canada-U.S. tariff talks, and AMD's earnings release provided the day's main news context as both funds advanced after the regular close.
Published
- QQQ
- +0.02%
- SPY
- -0.02%
- QQQ − SPY
- +0.04%
What shaped the session
Policy and geopolitics
The European Union outlined a plan to phase out Russian gas imports, while President Trump announced an immediate halt to U.S. bombing of the Houthis.
Tariffs and earnings
Canada reported progress but no tariff decisions after talks with the United States, and AMD posted quarterly earnings and revenue above expectations after the close.
Key news
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