Apr 16, 2026 · QQQ/SPY Market Review · 66 headlines
QQQ gained 0.45% and SPY rose 0.33%, leaving QQQ ahead by 0.12 percentage points. Conflicting manufacturing readings and Fed inflation comments kept the macro outlook unsettled, while U.S.-Iran negotiations and fresh AI demand and product news supplied additional context.
Published
The Philadelphia Fed manufacturing index reached 26.7 against a 10.3 estimate, while March industrial output fell 0.5% instead of the expected 0.1% increase. Fed official John Williams also said inflation would remain well above 3% over the next few months.
Trump said Iran had agreed not to obtain a nuclear weapon and that the United States and Iran were very close to an agreement, linking a possible deal to lower oil prices and inflation.
Taiwan Semiconductor forecast second-quarter revenue of as much as $40.2 billion and described a multi-year AI growth cycle. Anthropic separately introduced Claude Opus 4.7.
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