Feb 11, 2026 · QQQ/SPY Market Review · 44 headlines
QQQ opened up 0.11% and ended overnight up 0.20%. SPY opened up 0.13% and finished up 0.05%, leaving QQQ ahead by 0.15 percentage points. Both ETFs reached highs near 10:32 ET, with QQQ up 0.92% and SPY up 0.71%, then fell to losses of 0.57% and 0.37% before recovering. January payrolls rose 130,000 versus 70,000 expected, unemployment was 4.3% versus 4.4%, and wages rose 0.4% versus 0.3%. CBO projected a $1.9 trillion fiscal 2026 deficit and debt at 120% of GDP by 2036, while crude inventories rose 8.530 million barrels against an expected 0.2 million decline. AI investment, USMCA uncertainty, a possible U.S.-China truce extension and Middle East carrier preparations added context.
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January payrolls rose by 130,000 versus 70,000 expected, unemployment was 4.3% versus 4.4% expected, and average hourly earnings rose 0.4% versus 0.3% expected. Fed officials also discussed inflation risks, the policy hold and future leadership.
The CBO projected a $1.9 trillion fiscal 2026 deficit and debt at 120% of GDP by 2036. U.S. crude inventories increased by 8.530 million barrels when a 0.2 million-barrel decline was expected.
Samsung said AI-driven memory demand could remain strong through 2027 and planned HBM4 mass production. Applied Materials said Samsung would join its $5 billion EPIC center, while Meta broke ground on a data center costing more than $10 billion.
Reports said Trump was weighing a USMCA exit and that Trump and Xi were expected to extend their trade truce. The Pentagon was also reported to be preparing a second aircraft carrier for deployment to the Middle East.
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