Jan 2, 2026 · QQQ/SPY Market Review · 11 headlines
QQQ opened 0.98% above its prior close, while SPY opened 0.56% higher. Both climbed in the morning and then reversed during the session. QQQ ended 0.10% lower and SPY 0.15% higher, leaving SPY ahead by 0.25 percentage point. The day's evidence centered on an in-line U.S. manufacturing PMI reading, Tesla deliveries, Baidu's AI-chip listing plan, Microsoft licensing scrutiny and Iran-related headlines.
Published
QQQ and SPY opened higher and climbed in the morning before reversing. The in-line 51.8 U.S. manufacturing PMI release was followed by gains of about 0.25 percentage point in QQQ and 0.24 point in SPY, but the broader session still finished with QQQ lower and SPY modestly higher.
Tesla reported 1.64 million 2025 deliveries against a 1.65 million estimate. Baidu planned to spin off and list Kunlunxin in Hong Kong, while Brazil's CADE opened an investigation into Microsoft's software and cloud licensing practices.
President Trump said the United States was ready to assist if Iran violently suppressed peaceful protesters. The statement added a direct U.S. policy dimension to the day's Iran-related risk updates.
Loading the full-day price curve…
