Apr 10, 2026 · QQQ/SPY Market Review · 53 headlines
QQQ rose 0.38% and SPY gained 0.11%, leaving QQQ ahead by 0.27 percentage points. March headline CPI was 3.3% year over year versus a 3.4% forecast, while core CPI rose 0.2% month over month versus 0.3% expected. University of Michigan consumer sentiment fell to a record-low 47.6 as inflation expectations increased. Iran headlines combined a 24-hour negotiating deadline and a warning of force with the arrival of a delegation for conditional peace talks, while Hormuz traffic remained sparse. AI news included Taiwan Semiconductor's 35.1% first-quarter revenue growth and discussions between U.S. officials and major banks about Anthropic's Mythos cyber threat.
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March headline CPI was 3.3% year over year versus a 3.4% forecast, and core CPI rose 0.2% month over month versus 0.3% expected. University of Michigan consumer sentiment fell to a record-low 47.6 while one-year inflation expectations rose to 4.8%.
Trump set a 24-hour horizon for clarity on Iran talks and warned that force was an option if negotiations failed. Later, an Iranian delegation arrived in Islamabad for talks conditional on its preconditions being accepted. Separate reports showed only four vessels crossing Hormuz in 24 hours.
Taiwan Semiconductor reported first-quarter revenue growth of 35.1% year over year, above estimates, amid resilient AI demand. Powell and Bessent also discussed Anthropic's Mythos AI cyber threat with major U.S. banks.
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