Jun 19, 2025 · QQQ/SPY Market Review · 12 headlines
U.S. markets were closed for Juneteenth, so QQQ and SPY remained at the previous session's closing levels of $528.96 and $597.46. The White House left negotiations with Iran open while setting a two-week decision period for possible U.S. military action. Other developments included a Swiss National Bank rate cut to 0%, a 90-day extension of the TikTok divestiture deadline, exposure of more than 16 billion login records, and a Canadian tariff ultimatum covering U.S. steel and aluminum.
Published
The White House said negotiations remained possible while President Trump considered military options over a two-week period. Separate reports addressed the Bushehr and Khondab nuclear facilities, accelerated Iranian oil shipments, and flight suspensions by American Airlines and United Airlines.
The Swiss National Bank cut its benchmark rate by 25 basis points to 0%, the lowest level since 2022.
President Trump extended the TikTok divestiture deadline by 90 days to September 17, 2025. Google was reported to be using YouTube videos to train its AI video generator, while more than 16 billion login credentials from major platforms were exposed.
Honda and Nissan were reported to be considering a U.S. tie-up under tariff pressure. Canada later threatened higher tariffs on U.S. steel and aluminum if no agreement was reached by July 21.
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