Feb 7, 2026 · QQQ/SPY Market Review · 3 headlines
U.S. markets were closed for the weekend, leaving QQQ and SPY unchanged from Friday's close. Apple ended three consecutive years of sales declines in China as fourth-quarter revenue there rose 38% to $26 billion. Samsung's Texas chip plant received a temporary operating permit and planned to begin producing Tesla AI5 chips this year. Indian refiners also reduced Russian crude purchases as India and the United States advanced trade talks.
Published
Apple reported a 38% year-over-year increase in fourth-quarter China revenue to $26 billion, ending three years of sales declines there. Samsung's Texas chip plant received a temporary operating permit and planned Tesla AI5 production this year.
Indian refiners cut Russian oil purchases, with major refiners stopping purchases as India and the United States moved toward a trade agreement.
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