Chips and AI capital
Intel reported a first-quarter beat and second-quarter guidance above estimates. Google separately committed $10B to Anthropic at a $350B valuation, with another $30B tied to performance targets.
Apr 24, 2026 · QQQ/SPY Market Review · 51 headlines
QQQ gains 1.85% as chip earnings, consumer strain and Hormuz risk share the session
QQQ opened 1.09% above the prior close, gained another 0.83 percentage points during regular trading, then eased 0.07 points after hours to finish up 1.85%. SPY opened 0.32% higher and ended up 0.78%, leaving QQQ ahead by 1.06 points. Intel reported better-than-expected first-quarter results and second-quarter guidance, while Google committed $10B to Anthropic with another $30B conditional on performance. Michigan sentiment fell to 49.8 as one-year inflation expectations rose to 4.7%. Iran oil flows and an IEA warning kept Hormuz supply risk in focus.
Published
- QQQ
- +1.85%
- SPY
- +0.78%
- QQQ − SPY
- +1.06%
What shaped the session
Consumer and inflation pressure
Final Michigan sentiment fell to 49.8, the lowest reading since the survey began in the 1950s. One-year inflation expectations rose to 4.7%.
Hormuz and oil supply
Bloomberg reported that Iran continued loading tankers while the U.S. blocked an exit route. The IEA chief called the deepening Hormuz crisis the largest energy-security threat in history.
Key news
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