Semiconductor supply and policy
Japanese suppliers reported disruptions in photoresist-related materials used by Samsung and SK Hynix. Later, Micron was reported to be pressing Congress for tighter restrictions on chip-tool sales to Chinese rivals.
Apr 22, 2026 · QQQ/SPY Market Review · 60 headlines
QQQ climbs 1.73% and finishes 0.82 percentage points ahead of SPY with chips and earnings in focus
QQQ opened 0.90% above its previous close and finished up 1.73% by 4:00 a.m. ET on April 23. SPY opened 0.73% higher and finished up 0.90%, leaving QQQ ahead by 0.82 percentage points. QQQ ended regular trading around 1.67% higher, while SPY was around 1.01% higher. Prices after 8:00 p.m. ET were carried because no new public trades were available. Semiconductor supply and policy headlines, energy inventories and Fed inflation-framework comments, and after-hours earnings supplied the main context.
Published
- QQQ
- +1.73%
- SPY
- +0.90%
- QQQ − SPY
- +0.82%
What shaped the session
Energy data and Fed policy signals
U.S. crude inventories increased by 1.925 million barrels instead of the expected 1.900 million-barrel draw. Separately, Fed chair nominee Kevin Warsh argued that core PCE should be replaced as the central bank's main inflation gauge.
After-hours earnings
Lam Research beat expectations for both adjusted earnings and sales. Tesla beat the adjusted earnings estimate but reported sales below expectations.
Key news
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