Growth outlook
The OECD raised its U.S. GDP growth forecasts to 2% for 2025 and 1.7% for 2026, adding a multiyear macro reference point before the session.
Dec 2, 2025 · QQQ/SPY Market Review · 44 headlines
AI infrastructure headlines frame a stronger QQQ advance
QQQ and SPY opened 0.38% and 0.26% above their previous closes. QQQ finished up 0.90%, ahead of SPY's 0.31% gain by 0.59 percentage points. Nvidia's chip-booking outlook and Amazon's Trainium 3 launch provided AI-infrastructure context, while the OECD growth update, SEC rule plans and Marvell's Celestial AI acquisition broadened the day's policy and corporate backdrop.
Published
- QQQ
- +0.90%
- SPY
- +0.31%
- QQQ − SPY
- +0.59%
What shaped the session
Capital-market rules
SEC Chair Paul Atkins outlined rule changes intended to curb litigation and support IPOs, together with a January innovation exemption for cryptocurrency companies.
AI infrastructure
Nvidia projected $500 billion of Blackwell and Rubin bookings through 2026, while Amazon introduced Trainium 3, four Nova 2 models and an open-training service.
Semiconductor deals
Marvell agreed to acquire Celestial AI for $3.25 billion, adding an after-hours strategic transaction tied to AI interconnect technology.
Key news
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