June 15, 2026 · QQQ/SPY Market Review · 45 headlines
QQQ opened 2.32% above the prior close and ended up 2.99%, while SPY finished 1.64% higher, leaving QQQ ahead by 1.35 percentage points. U.S.-Iran implementation details developed through the day. AI-chip news included ByteDance evaluating Chinese suppliers and reported Qualcomm-Tenstorrent talks. Late macro releases included stronger-than-expected China industrial output.
Published
Vance described a two-step verification process and expected long-term toll-free navigation through the Strait of Hormuz. A later flash cited a U.S. official saying Washington and Tehran had signed a memorandum of understanding.
A report said ByteDance was evaluating AI chips from Iluvatar CoreX and Baidu. After regular trading, The Information reported that Qualcomm and Tenstorrent had discussed a potential transaction valued at $8B to $10B.
China reported May industrial production growth of 4.5%, above the 4.4% estimate and the prior 4.1% reading. The release arrived overnight after the regular U.S. session.
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