Economic data
August retail sales rose 0.6% against a 0.2% forecast, while industrial production increased 0.1% against an expected 0.1% decline.
Sep 16, 2025 · QQQ/SPY Market Review · 37 headlines
QQQ holds near flat as SPY slips 0.09% on data and technology-policy updates
QQQ slipped 0.02% and finished essentially flat, while SPY fell 0.09%, leaving QQQ ahead by 0.08 percentage points. Stronger-than-expected retail sales and industrial production, TikTok and advanced-chip policy developments, and a Federal Reserve appointment shaped the day's context.
Published
- QQQ
- -0.02%
- SPY
- -0.09%
- QQQ − SPY
- +0.08%
What shaped the session
Technology policy
The day brought a confirmed TikTok agreement, a reported White House approval for advanced AI-chip sales to the UAE, and proposed U.K. agreements exceeding $10 billion.
Federal Reserve governance
Stephen Miran was sworn in as a Federal Reserve governor before the Federal Open Market Committee meeting.
Key news
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