Labor benchmark revision
The preliminary benchmark revision reduced U.S. nonfarm payrolls by 910,000 for the year through March, more than markets expected.
Sep 9, 2025 · QQQ/SPY Market Review · 54 headlines
QQQ gained 0.35% and SPY rose 0.35%, leaving the two ETFs nearly even. A 910,000-job downward payroll benchmark revision kept labor-market softness in view, while Nvidia's Rubin launch, Apple's iPhone 17 debut, and Google Cloud's $58 billion 2027 revenue target supplied technology-specific context. Both ETFs recovered from mid-morning lows, ended regular trading higher, and extended gains after hours.
Published
The preliminary benchmark revision reduced U.S. nonfarm payrolls by 910,000 for the year through March, more than markets expected.
Nvidia introduced its Rubin CPX GPU and Vera Rubin NVL144 platform, while Apple formally unveiled the iPhone 17 during its September product event.
Google Cloud's chief executive said annual revenue was expected to reach $58 billion by 2027.
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