Nov 14, 2025 · QQQ/SPY Market Review · 36 headlines
QQQ opened down 1.51% and finished up 0.49%, while SPY opened down 1.06% and ended up 0.19%. QQQ led by 0.29 percentage points. Schmid said inflation concerns extended beyond tariffs and outlined tools to support a smaller Fed balance sheet and ease liquidity. Miran favored rate cuts, while Logan saw year-end PCE inflation near 2.9% and favored modest restraint. Google announced a $40 billion Texas AI investment plan, and Trump later signed an order lowering tariffs on several agricultural imports.
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Schmid said inflation concerns extended beyond tariffs and outlined reserve-rate, standing-repo, and portfolio-duration changes to support a smaller Fed balance sheet and ease liquidity. QQQ and SPY rose in the next 15 minutes.
Miran said the data supported rate cuts and a more dovish Fed. Logan later said year-end PCE inflation could be near 2.9% and that modestly restrictive policy was appropriate.
Google announced a $40 billion Texas AI investment plan through 2027, including three new data centers. QQQ and SPY were little changed in the next 15 minutes.
Trump signed an order lowering tariffs on beef, coffee, bananas, tomatoes, and other agricultural imports. The overnight price record does not provide a complete 15-minute observation after the report.
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