QQQ gains 1.66% as Powell's policy signal frames a broad rally

QQQ rose 1.66% and SPY gained 1.57%, with QQQ leading by 0.10 percentage points. Powell's Jackson Hole comments on a possible policy adjustment anchored the session, while Canada's tariff rollback and Intel's U.S. government investment added trade and industrial-policy context.

Published Aug 31, 2026

QQQ: +1.66%
SPY: +1.57%
QQQ − SPY: +0.10%

What shaped the session

Monetary policy

Powell said the shifting balance of risks may warrant a policy adjustment, while noting that stable unemployment allows the Fed to proceed carefully.

Trade policy

Canada said it would remove several retaliatory tariffs on U.S. goods while retaining measures on automobiles, steel, and aluminum for now.

Industrial policy

Intel announced an $8.9 billion U.S. government common-stock investment intended to support domestic technology and manufacturing expansion.

Key news

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