Consumer confidence
The Conference Board's U.S. consumer confidence index registered 93.1 in May, above the 91.9 consensus estimate. Over the next 15 minutes, QQQ and SPY added 0.08% and 0.09%, respectively, with two nearby headlines.
May 26, 2026 · QQQ/SPY Market Review · 40 headlines
QQQ gains 1.84% and outpaces SPY as chip and AI headlines fill the day
QQQ opened 1.17% above its previous close and finished up 1.84%. SPY ended up 0.70%, leaving QQQ ahead by 1.14 percentage points. U.S. consumer confidence reached 93.1 versus the 91.9 estimate. Chip and technology headlines included a reported Qualcomm AI-chip agreement with ByteDance, a Meta notice covering 1,395 planned layoffs and SK Hynix seeking five-year supply contracts. USTR said a 10% global tariff could return after July. The Qualcomm headline was followed by declines of 0.17% in QQQ and 0.09% in SPY over 15 minutes, with two nearby headlines. Overnight items lacked observed price comparisons because prices were interpolated.
Published
- QQQ
- +1.84%
- SPY
- +0.70%
- QQQ − SPY
- +1.14%
What shaped the session
AI chips and technology
Bloomberg reported that Qualcomm reached an AI-chip agreement with ByteDance. Meta filed notice of 1,395 planned King County layoffs, while an overnight report said SK Hynix sought supply agreements of at least five years, higher prepayments and minimum-price guarantees from major technology customers.
Policy and global rates
The Wall Street Journal corrected its report to say Operation Sentinel had not restarted. USTR said the 10% global tariff could be reimposed after July, and the Reserve Bank of New Zealand held rates after a 3-3 vote decided by its governor.
Key news
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