Mixed U.S. data
July durable-goods orders fell 2.8% versus a 3.8% expected decline, while core orders rose 1.1% versus 0.2% expected. August consumer confidence was 97.4 versus 96.4 expected, and the prior reading was revised from 97.2 to 98.7.
Aug 26, 2025 · QQQ/SPY Market Review · 63 headlines
QQQ and SPY rise about 0.5% as data, Fed governance and trade share focus
QQQ rose 0.53% and SPY gained 0.50%, leaving QQQ ahead by 0.02 percentage points after both opened slightly lower. Headline durable-goods orders fell 2.8% versus a 3.8% expected decline, while core orders rose 1.1% versus 0.2% expected. Consumer confidence was 97.4 versus 96.4 expected, with the prior reading revised from 97.2 to 98.7. Fed governance and trade reports also remained in focus.
Published
- QQQ
- +0.53%
- SPY
- +0.50%
- QQQ − SPY
- +0.02%
What shaped the session
Fed governance
Lisa Cook's lawyer said she would sue over her attempted removal from the Fed Board. A later report named Stephen Miran and David Malpass among possible replacement nominees.
Trade policy
The United States prepared to announce a $550 billion investment arrangement with Japan, while tariffs on most Indian imports rose to 50% as an additional 25% duty linked to Russian oil purchases took effect.
Key news
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