Mixed U.S. activity data
The preliminary composite and manufacturing PMIs exceeded expectations, while the employment measure fell to a six-year low.
Jun 23, 2026 · QQQ/SPY Market Review · 51 headlines
QQQ falls 2.97% amid mixed U.S. data, a Rubin production report and Alphabet's Dow entry
QQQ opened 3.00% below its prior close and finished down 2.97%. SPY opened down 1.43% and finished down 1.26%, leaving it 1.71 percentage points ahead. The day also brought mixed U.S. activity data, an Iranian denial of Trump's inspection claim, a late report on lower NVIDIA Rubin production expectations, and Alphabet's coming addition to the Dow.
Published Updated
- QQQ
- -2.97%
- SPY
- -1.26%
- QQQ − SPY
- -1.71%
What shaped the session
Iran inspection claims
Iran denied Trump's claim that it had agreed to unlimited long-term nuclear inspections, adding another conflicting account to the day's geopolitical updates.
Semiconductor production report
A Korean media report said NVIDIA cut its Rubin production forecast and SK Hynix slowed HBM4 capacity expansion, while Micron finished 13% lower.
Alphabet joins the Dow
S&P Dow Jones Indices said Alphabet will replace Verizon in the Dow, increasing the index's exposure to AI, cloud infrastructure, and digital advertising.
Key news
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