Feb 5, 2026 · QQQ/SPY Market Review · 39 headlines
QQQ opened 0.81% below the previous close and finished the period down 2.39%. SPY opened 0.60% lower and ended down 1.79%, leading QQQ by 0.60 percentage points. Weekly initial jobless claims reached 231,000 versus a 212,000 forecast and a 209,000 prior reading. Fed officials Lisa Cook and Raphael Bostic both emphasized inflation risks and a cautious or moderately restrictive policy stance. After the close, Amazon reported 14% fourth-quarter revenue growth to $213.4 billion and projected about $200 billion of capital spending in 2026. QQQ and SPY both weakened further during after-hours trading before partially recovering overnight.
Published
Initial jobless claims rose to 231,000 versus a 212,000 forecast and a 209,000 prior reading. Lisa Cook said inflation remained too high and rates were only mildly restrictive. Raphael Bostic likewise said inflation had stayed too high for too long and supported a moderately restrictive stance.
Amazon reported 14% fourth-quarter revenue growth to $213.4 billion and projected about $200 billion of capital spending in 2026. QQQ moved from 1.19% below the previous close near the start of after-hours trading to 2.65% lower by 19:00 ET, while SPY moved from a 1.07% decline to a 1.96% decline over the same period.
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