Oil and Hormuz risks
Iraqi officials reported a steep decline in southern oil output as storage filled and Hormuz exports were blocked, while Iran and COSCO separately described selective vessel transit and resumed bookings.
Mar 25, 2026 · QQQ/SPY Market Review · 48 headlines
QQQ and SPY trim strong opening gains as oil and inflation risks meet chip and AI news
QQQ opened 0.88% above the prior close and finished up 0.44%, while SPY opened 0.84% higher and ended up 0.34%. February import and export prices both exceeded estimates. Iraqi officials said southern oil output fell about 80% to roughly 800,000 barrels a day as storage filled and Hormuz exports were blocked. Iran also said some vessels could transit the strait, while COSCO resumed selected bookings. SK Hynix's proposed U.S. listing and a new White House technology advisory group added semiconductor and AI context. QQQ outperformed SPY by 0.10 percentage points at the close.
Published
- QQQ
- +0.44%
- SPY
- +0.34%
- QQQ − SPY
- +0.10%
What shaped the session
Inflation and rate signals
February import and export prices both exceeded estimates, while ECB President Lagarde and Fed Governor Miran kept energy-driven inflation and rate policy in focus.
Semiconductor and AI developments
SK Hynix filed for a U.S. listing that could raise up to $10 billion, and the White House named technology leaders to its new science and technology advisory group.
Key news
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