Jun 22, 2025 · QQQ/SPY Market Review · 14 headlines
U.S. markets were closed for the weekend, leaving QQQ and SPY at Friday's closing levels. Iran's parliament backed closing the Strait of Hormuz, while the IMF warned the conflict could raise uncertainty beyond energy markets. Tesla began a limited Austin Robotaxi service, U.S.-Korea chip trade friction intensified, and European PMIs showed weaker French manufacturing but firmer German services.
Published
An Iranian lawmaker said parliament concluded that the Strait of Hormuz should close, although the final decision remained with the Supreme National Security Council. The IMF warned that the U.S. strikes could broaden economic risks and global uncertainty beyond energy.
Tesla launched a limited Robotaxi service in Austin with about 10 Model Y vehicles, selected users and a restricted operating area.
South Korea signaled that U.S. trade talks could be delayed as it prepared to protest restrictions threatening Korean chipmakers' operations in China.
France's preliminary manufacturing PMI fell short of estimates at 47.8, while Germany's preliminary services PMI rose to 49.4 and exceeded expectations.
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