Feb 10, 2026 · QQQ/SPY Market Review · 56 headlines
QQQ opened nearly flat and ended overnight trading down 0.18%. SPY finished down 0.04%, leaving QQQ behind by 0.14 percentage points. QQQ rose as much as 0.43% and SPY 0.34% before both faded to post-close lows, then partly recovered overnight. December retail and core retail sales were unchanged, below forecasts of 0.4% and 0.3% growth. Fed officials discussed holding rates, persistent inflation and financial-stability risks. Technology and trade news covered H200 license terms, strong U.S. AI-chip demand and a U.S.-India agreement spanning more than $500 billion of U.S. products. U.S.-Iran tensions and Venezuelan oil developments added geopolitical context.
Published
December headline retail sales were unchanged versus 0.4% expected and core sales were unchanged versus 0.3% expected. Fed's Hammack said rates could remain unchanged for an extended period, while Hammack and Logan also discussed inflation, labor conditions and financial-stability risks.
U.S. and India announced a trade agreement covering more than $500 billion of U.S. products and changes to tariffs and digital trade. Commerce Secretary Lutnick said U.S. AI-chip demand was vast and later said Nvidia and China must comply with H200 license terms.
Trump said failed U.S.-Iran negotiations could lead to another carrier strike group in the Middle East. Separate reports covered renewed Venezuelan crude exports and an EIA expectation that expanded U.S. licenses could restore output to pre-blockade levels by mid-2026.
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