Market closed as U.S.-Iran deal reports, SpaceX test and Russell changes shape Saturday news

U.S. equities were closed for the weekend, leaving QQQ and SPY at Friday's carried closes. Headlines shifted from early U.S.-Iran escalation to reports of a largely finalized agreement and uranium terms, alongside a SpaceX test flight and Russell index changes.

Published Aug 9, 2026

QQQ: 0.00%
SPY: 0.00%
QQQ − SPY: 0.00%

What shaped the session

U.S.-Iran turn

Early reports described escalating tensions and a White House review of military options. Later reports said a deal was largely finalized, the Strait of Hormuz would reopen, and Iran would forgo highly enriched uranium.

Spaceflight milestone

SpaceX's Starship V3 completed its 12th test flight, with the upper stage reaching orbit and deploying 22 simulated Starlink satellites.

Russell reconstitution

FTSE Russell's semiannual changes moved Alphabet and AMD out of the Russell 1000 Value Index and fully into the growth category.

Key news

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←May 22:AI chip news and hawkish Fed signals accompany modest QQQ and SPY gains·View all May 2026 QQQ/SPY reviews·May 24:Iran talks, a Strait framework and Huawei's chip roadmap lead Sunday headlines→