Growth and inflation
Fourth-quarter GDP growth was revised down to 0.7% from the initial 1.4% estimate, while January core PCE inflation rose to 3.1% from 3.0% and matched the forecast.
Mar 13, 2026 · QQQ/SPY Market Review · 73 headlines
Opening gains reverse as growth and sentiment readings weaken, leaving QQQ down 0.64%
QQQ opened 0.43% above the prior close and finished down 0.64%, while SPY moved from a 0.48% opening gain to a 0.45% decline. SPY led by 0.19 percentage points. Fourth-quarter GDP growth was revised to 0.7% from 1.4%, while January core PCE inflation rose to 3.1% from 3.0%. Michigan consumer sentiment fell to 55.5 as gasoline-price concerns increased. China-U.S. trade consultations and further U.S. military deployments to the Middle East remained additional policy and geopolitical context.
Published
- QQQ
- -0.64%
- SPY
- -0.45%
- QQQ − SPY
- -0.19%
What shaped the session
Consumer confidence
The preliminary March Michigan consumer sentiment index fell to 55.5 from 56.6, while one-year inflation expectations were 3.4% and gasoline-price concerns increased.
China-U.S. trade talks
China's Ministry of Commerce said bilateral economic and trade consultations would be held in France from March 14 to 17 as China evaluated the U.S. Section 301 investigation.
Middle East security
The U.S. deployed additional Marines and naval vessels to the Middle East as Strait of Hormuz escort plans and the prospect of further strikes remained in focus.
Key news
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