Jan 8, 2026 · QQQ/SPY Market Review · 59 headlines
QQQ opened down 0.09% and fell 0.63%. SPY opened 0.06% lower and ended at -0.02%, leaving QQQ 0.61 points behind. Initial claims were 208,000 versus 210,000 expected, and continuing claims were 1.914 million versus 1.900 million. October's trade deficit was $29.4 billion versus $58.10 billion estimated, while wholesale inventories rose 0.2% as forecast. Fed's Miran said rates were above neutral and expected 150 basis points of cuts by 2026. Vitol received a preliminary 18-month U.S. license for Venezuelan oil, while the Senate voted 52-47 to require congressional authorization for further military action. After the close, Trump directed representatives to buy $200 billion in mortgage bonds.
Published
Weekly initial claims were 208,000 versus 210,000 expected and continuing claims were 1.914 million versus 1.900 million expected. Miran projected about 150 basis points of cuts by 2026. In the 15 minutes after his remarks, QQQ fell 0.40% and SPY slipped 0.02%, with one nearby headline.
The October trade deficit was $29.4 billion versus a $58.10 billion estimate. Wholesale inventories rose 0.2%, matching the forecast. In the 15 minutes after the inventory release, QQQ gained 0.29% and SPY added 0.20%, with one nearby headline.
Vitol received a preliminary U.S. license to negotiate Venezuelan oil imports and exports for 18 months. The Senate passed a 52-47 resolution requiring congressional authorization for further military action. In the 15 minutes after the Vitol headline, QQQ fell 0.23% and SPY declined 0.08%, with one nearby headline.
Trump directed representatives to buy $200 billion in mortgage bonds to lower mortgage rates and payments. In the next 15 minutes, QQQ gained 0.12% and SPY added 0.11%, with one nearby headline.
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