Trade-policy relief
The reported suspension of EU countermeasures reduced one near-term source of transatlantic trade uncertainty as U.S. markets approached the open.
Aug 4, 2025 · QQQ/SPY Market Review · 29 headlines
QQQ gains 2.00% as trade relief and AI momentum lift technology shares
QQQ rose 2.00% and SPY gained 1.62%, leaving technology-heavy QQQ ahead by 0.38 percentage points. A reported six-month suspension of EU trade countermeasures coincided with a firm pre-market advance. U.S. durable-goods data, expectations for Federal Reserve rate cuts, and continued investment in AI infrastructure added context through the session.
Published
- QQQ
- +2.00%
- SPY
- +1.62%
- QQQ − SPY
- +0.38%
What shaped the session
Macro and rate signals
June durable-goods orders excluding defense matched estimates, while Fed official Mary Daly said two rate cuts remained appropriate and more could be needed.
AI infrastructure demand
Google's agreements to manage AI data-center electricity use highlighted the scale of power demand behind continued artificial-intelligence investment.
Key news
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