Feb 9, 2026 · QQQ/SPY Market Review · 27 headlines
QQQ opened 0.10% below the previous close and finished the period 0.77% higher, while SPY moved from essentially flat at the open to a 0.45% gain. QQQ led by 0.32 percentage points. Semiconductor-policy headlines included Taiwan's rejection of a proposed 40% capacity shift and a later report on broad U.S. chip tariffs with TSMC-linked exemptions for major technology companies. Google secured long-term solar supply for its Texas data centers. Labor-force comments from Kevin Hassett, EU competition scrutiny of Meta, and Chinese bank guidance on U.S. Treasury exposure accompanied several intraday turns.
Published
Taiwan rejected a reported U.S. demand to shift 40% of chip capacity, TotalEnergies signed two long-term solar agreements for Google data centers, and an overnight report described broad chip tariffs with TSMC-linked exemptions for Amazon, Microsoft and Google.
Kevin Hassett said deportation policies were reducing the labor force and affecting the labor market, while a nearby comment said employment data could decline slightly without warranting panic.
The European Commission warned Meta of possible interim competition measures over WhatsApp AI assistants, while Bloomberg reported that China urged banks to curb exposure to U.S. Treasuries.
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