Trade and industrial policy
The administration considered software-export restrictions, while automakers including Tesla urged it not to tariff factory robots and industrial machinery.
Oct 22, 2025 · QQQ/SPY Market Review · 21 headlines
QQQ ended down 1.16%, trailing SPY's 0.67% decline by 0.49 percentage points. The session included a potential U.S. restriction on software exports, Google's Willow quantum-computing update and a report on expanded Ukrainian use of Western long-range missiles. After hours, the U.S. sanctioned Rosneft and Lukoil, automakers opposed tariffs on factory robots, and Tesla reported 12% revenue growth alongside a 31% profit decline.
Published
The administration considered software-export restrictions, while automakers including Tesla urged it not to tariff factory robots and industrial machinery.
Google said its Willow chip ran the verifiable Quantum Echoes algorithm 13,000 times faster than a leading supercomputer.
A report said the U.S. lifted a key restriction on Ukraine's use of Western long-range missiles, and the Treasury later sanctioned Rosneft, Lukoil and Russian subsidiaries.
Tesla reported 12% third-quarter revenue growth, a 31% profit decline and more than $400 million of tariff effects.
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