Fed inflation path
Beth Hammack projected that inflation could remain above target for 1 to 2 years, while John Williams said policy remained restrictive and the path to 2% was incomplete.
Sep 29, 2025 · QQQ/SPY Market Review · 50 headlines
QQQ leads SPY higher after both pare opening gains amid Fed, AI and shutdown updates
QQQ rose 0.41% and SPY gained 0.23%, leaving QQQ ahead by 0.18 percentage points after both pared larger opening gains. Fed inflation guidance, AI robotics and model launches, shutdown-related data risk and broader Entity List restrictions framed the session.
Published
- QQQ
- +0.41%
- SPY
- +0.23%
- QQQ − SPY
- +0.18%
What shaped the session
AI product cycle
Nvidia launched an open-source physics engine and Isaac GR00T model for robotics, while Anthropic introduced Claude Sonnet 4.5.
Shutdown data risk
The Bureau of Labor Statistics said economic releases would stop if the government shut down on September 30.
Trade-control expansion
A new U.S. rule extended Entity List restrictions to subsidiaries owned 50% or more by listed parties.
Key news
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