Federal Reserve policy
The Federal Reserve lowered its target range by 25 basis points to 4.00%-4.25%, while Powell emphasized downside employment risks and the labor market's role in the decision.
Sep 17, 2025 · QQQ/SPY Market Review · 39 headlines
QQQ and SPY gain about 0.23% amid a Fed cut and China chip restrictions
QQQ rose 0.24% and SPY gained 0.23%, leaving QQQ ahead by 0.01 percentage points. The Federal Reserve's 25-basis-point rate cut and labor-risk guidance dominated the intraday policy context, while Chinese restrictions on Nvidia AI-chip purchases and corporate investment and energy agreements broadened the day's news mix.
Published
- QQQ
- +0.24%
- SPY
- +0.23%
- QQQ − SPY
- +0.01%
What shaped the session
Technology policy and corporate commitments
Reports said China ordered large technology companies to halt Nvidia AI-chip purchases. Amazon announced more than $1 billion for pay and health-cost support, while New Fortress Energy secured a seven-year LNG agreement with Puerto Rico.
Key news
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