Tokenized market structure
Nasdaq asked the SEC to allow listed securities to trade in traditional digital or tokenized form with equivalent shareholder rights.
Sep 8, 2025 · QQQ/SPY Market Review · 30 headlines
QQQ edges ahead as Nasdaq plans, macro data, and AI deals frame modest gains
QQQ gained 0.50% and SPY rose 0.30%, leaving the technology-heavy ETF ahead by 0.20 percentage points. Nasdaq's tokenized-listing proposal and firm consumer-credit data shared attention with stable inflation expectations. After regular trading, large AI infrastructure commitments involving Nebius, Microsoft, ASML, and Mistral broadened the day's technology-deal backdrop.
Published
- QQQ
- +0.50%
- SPY
- +0.30%
- QQQ − SPY
- +0.20%
What shaped the session
Consumer and inflation data
New York Fed survey results showed broadly stable inflation expectations, while July consumer credit increased by sixteen billion dollars and exceeded the estimate.
AI infrastructure commitments
Nebius secured a Microsoft GPU infrastructure contract worth up to $19.4 billion, while ASML and Mistral formed a partnership backed by a €1.3 billion investment.
Key news
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