May 25, 2026 · QQQ/SPY Market Review · 8 headlines
U.S. equities were closed for Memorial Day, leaving QQQ and SPY at Friday's carried closes. Reports covered a 60-day U.S.-Iran ceasefire extension, a framework for reopening the Strait of Hormuz and escalating Israeli and U.S. strikes in the region. Semiconductor headlines included Huawei's Tau Law, Micron's warning of shortages beyond 2026 and Nvidia's advance memory procurement. Russia separately warned foreign nationals to leave Kyiv.
Published
Reports said the U.S.-Iran ceasefire would be extended by 60 days and described terms for reopening the Strait of Hormuz and unfreezing assets. Later reports said the framework was 95% complete while Israeli and U.S. strikes underscored continuing escalation.
Huawei unveiled Tau Law as a semiconductor architecture principle. Micron warned that memory shortages would persist beyond 2026, while Nvidia said advance orders had reduced its exposure to rising memory costs.
Russia warned foreign nationals and diplomats to leave Kyiv as missile and drone attacks intensified, including reported use of Oreshnik hypersonic missiles.
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