Platform age rules
Malaysia was set to prohibit social-media access for users under 16 and require strict identity verification, extending regulatory pressure on major platforms.
Nov 23, 2025 · QQQ/SPY Market Review · 6 headlines
AI financing and Malaysia's platform rules dominate Sunday's closed-market news
U.S. equity markets were closed, leaving no fresh QQQ or SPY session move. The day's main context included heavy bond financing for AI investment, Tesla's chip production plans, Malaysia's proposed under-16 social-media restrictions, and the economic cost of the government shutdown.
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- QQQ − SPY
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What shaped the session
AI investment and roadmaps
Technology companies had issued nearly $90 billion of investment-grade bonds since early September to fund AI spending. Tesla outlined ambitious AI-chip production and hiring plans despite AI5 and AI6 delays, while a separate report said iOS 27 would emphasize AI, quality, and performance.
Shutdown economic cost
Treasury Secretary Scott Bessent said the 43-day government shutdown caused a permanent $11 billion economic loss. He said rate-sensitive sectors were in recession but did not expect the overall U.S. economy to contract.
Key news
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