U.S.-China trade dialogue
China called for equality and mutual benefit on new tariff measures, while Treasury Secretary Bessent said China appeared open to discussion and Trump remained on track to meet Xi Jinping.
Oct 13, 2025 · QQQ/SPY Market Review · 37 headlines
QQQ rebounds 2.09% as trade dialogue, AI chips and rate-cut signals take focus
QQQ rose 2.09% and SPY gained 1.48%, leaving the technology-heavy fund ahead by 0.61 percentage points. U.S.-China officials signaled room for dialogue after the tariff escalation, while OpenAI placed a 10 GW custom-chip order with Broadcom. Fed official Anna Paulson indicated support for two more 25-basis-point cuts in 2025, and mediators signed a Gaza ceasefire document with President Trump.
Published
- QQQ
- +2.09%
- SPY
- +1.48%
- QQQ − SPY
- +0.61%
What shaped the session
AI chip infrastructure
OpenAI and Broadcom planned custom AI chips and network racks at a 10 GW scale with phased deployment.
Fed rate path
Fed official Anna Paulson indicated support for two additional 25-basis-point rate cuts in 2025.
Gaza ceasefire document
Mediators Egypt, Qatar and Turkey signed a Gaza ceasefire document with President Trump.
Key news
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