Feb 6, 2026 · QQQ/SPY Market Review · 39 headlines
QQQ opened 0.77% above the previous close and ended overnight trading 2.10% higher. SPY opened 0.59% higher and finished up 1.92%, leaving QQQ ahead by 0.18 percentage points. February Michigan consumer sentiment was 57.3 versus a 55.0 estimate. Fed officials Mary Daly and Philip Jefferson discussed risks on both sides of the mandate, labor-market resilience, and tariff-related inflation that they expected to ease. The White House also announced U.S.-India trade terms covering ICT import licensing and intended purchases of $500 billion in U.S. energy products and other goods. Both ETFs advanced through the main session, added modestly after the close, and were nearly steady overnight.
Published
QQQ rose 2.10% and SPY gained 1.92%, with QQQ leading by 0.18 percentage points. An industry projection put global semiconductor revenue above $1 trillion for the first time in 2026 as AI development and wider chip adoption supported demand.
February Michigan consumer sentiment reached 57.3 versus a 55.0 estimate. Mary Daly described the dual-mandate balance as precarious, while Philip Jefferson said he did not want further labor-market weakening and expected tariff-related goods inflation to ease after the effects passed through.
The White House said India agreed to remove restrictive ICT import-licensing procedures and intended to purchase $500 billion of U.S. energy products and other goods. QQQ and SPY were little changed in the 15 minutes following the announcement.
Loading the full-day price curve…
