Fed policy and inflation
Miran said downside risks had risen and that housing should pull services inflation lower in coming quarters.
Oct 15, 2025 · QQQ/SPY Market Review · 47 headlines
A volatile advance leaves QQQ up 0.76% with Fed, trade and chip news in focus
QQQ rose 0.76% and SPY gained 0.44%, leaving QQQ ahead by 0.33 percentage points. Fed policy and inflation remarks, U.S.-China tariff conditions, large AI infrastructure plans, Apple’s M5 launch, and the unresolved federal shutdown framed a session that gave back part of its opening gains.
Published
- QQQ
- +0.76%
- SPY
- +0.44%
- QQQ − SPY
- +0.33%
What shaped the session
U.S.-China tariff terms
Bessent said fentanyl tariffs could be removed if the issue remained fixed for six months.
AI infrastructure and chips
A $40 billion Aligned acquisition plan and Apple’s M5 launch kept large-scale AI infrastructure and chip products in focus.
Federal shutdown risk
The Senate rejected a Republican funding bill, leaving no clear route to end the shutdown.
Key news
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