Apr 9, 2026 · QQQ/SPY Market Review · 66 headlines
QQQ rose 0.55% and SPY gained 0.48%, leaving QQQ ahead by 0.06 percentage points. U.S. releases showed core PCE inflation matching forecasts while GDP and personal spending missed estimates and jobless claims exceeded forecasts. Hormuz shipping remained constrained despite the first non-Iranian tanker transit since the ceasefire. AI infrastructure news included Amazon's revenue disclosures, a CoreWeave-Meta agreement and Maine's proposed data-center moratorium.
Published
February core PCE inflation was 3.00% year over year, matching forecasts and easing from 3.10%. Fourth-quarter GDP was 0.5% versus 0.7% expected, personal spending was 0.4% versus 0.6% expected, and initial claims were 219000 versus 210000 forecast.
White House adviser Kevin Hassett said ships were trickling through the Strait of Hormuz. MarineTraffic then reported the first non-Iranian tanker transit since the ceasefire, while a later tracker counted only seven vessels over 24 hours.
Amazon said AWS AI revenue exceeded a 15 billion US dollar annualized run rate and its chip business exceeded 20 billion US dollars. Meta signed a 21 billion US dollar CoreWeave agreement, while Maine considered a moratorium on data centers above 20 megawatts.
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