Softer inflation data
April headline CPI rose 2.3% from a year earlier, below the 2.4% forecast and prior reading, while monthly headline and core CPI also came in below estimates.
May 13, 2025 · QQQ/SPY Market Review · 33 headlines
Softer CPI and Saudi AI deals frame gains as QQQ rises 1.64% and outpaces SPY
QQQ rose 1.64% and SPY gained 0.73%, leaving QQQ ahead by 0.91 percentage points. Most of the advance developed during regular trading. Softer April CPI readings and a cluster of Saudi investment, AI-compute, and chip agreements provided the main macro and technology context, while the planned removal of U.S. sanctions on Syria added a geopolitical policy shift.
Published
- QQQ
- +1.64%
- SPY
- +0.73%
- QQQ − SPY
- +0.91%
What shaped the session
Saudi AI buildout
Saudi Arabia's $600 billion U.S. investment commitment included a $20 billion DataVolt plan, while Nvidia and AMD announcements added concrete chip and compute-capacity commitments.
Syria sanctions shift
Trump said the U.S. would remove all sanctions on Syria, marking a material change in regional policy during the session.
Key news
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