Jun 26, 2025 · QQQ/SPY Market Review · 28 headlines
QQQ finished up 0.96% and SPY gained 0.82%, leaving QQQ ahead by 0.14 percentage points. Both opened higher and extended their gains during the regular session. First-quarter GDP contracted 0.5% versus a 0.2% estimate, while PCE prices were slightly above expectations. May durable-goods orders and pending-home sales exceeded estimates, and initial jobless claims were lower than forecast. Reports about the timing of a future Fed-chair choice and several technology-company updates framed the session. Overnight, the Commerce Secretary confirmed a U.S.-China trade agreement, but no fresh public price observations were available after that report.
Published
First-quarter GDP contracted 0.5% versus a 0.2% estimate and PCE prices were slightly above expectations. May durable-goods orders rose 16.4% versus 8.6% expected, initial claims were 236,000 versus 244,000 expected, and pending-home sales rose 1.8% versus 0.2% expected.
The Wall Street Journal reported that Trump was considering naming a future Fed chair early. Later, the White House said a decision was not imminent.
Reports said U.S. export controls had slowed DeepSeek's progress and that a senior Tesla executive had departed. Overnight, the Commerce Secretary confirmed a U.S.-China agreement signed two days earlier and said work continued with other trading partners.
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