Housing and sentiment data
November existing-home sales were 4.13 million versus 4.15 million expected, while the final December University of Michigan consumer-sentiment reading was 52.9 versus 53.4 expected.
Dec 19, 2025 · QQQ/SPY Market Review · 37 headlines
QQQ gains 1.59% as housing, sentiment and semiconductor updates span the day
QQQ opened 0.29% higher and finished up 1.59%. SPY opened 0.15% lower and ended up 0.74%, leaving QQQ ahead by 0.85 percentage points. Existing-home-sales and consumer-sentiment readings provided the main macro context. U.S. scrutiny of advanced Nvidia chip sales to China, FTC approval of Nvidia's $5 billion Intel investment and Google Cloud's nearly $10 billion Palo Alto Networks contract framed the technology news. Among the selected updates, the largest measured move came after the sentiment reading, when QQQ slipped 0.13% and SPY declined 0.06% over the next 15 minutes. The home-sales release had arrived one minute earlier.
Published
- QQQ
- +1.59%
- SPY
- +0.74%
- QQQ − SPY
- +0.85%
What shaped the session
Semiconductor and cloud deals
The United States began scrutinizing advanced Nvidia AI-chip sales to China. The FTC approved Nvidia's $5 billion investment in Intel, and Google Cloud signed a nearly $10 billion multi-year security-services contract with Palo Alto Networks.
Key news
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