Mixed U.S. data
Weekly initial jobless claims were 215,000 versus a 225,000 forecast, May PCE rose 0.4% versus a 0.5% estimate, and first-quarter GDP was 2.1% versus a 1.6% estimate.
Jun 25, 2026 · QQQ/SPY Market Review · 48 headlines
QQQ's opening surge narrows amid mixed data, Qualcomm's outlook and Hormuz security news
QQQ opened 2.17% above its prior close and finished up 0.61%. SPY opened 0.78% higher and ended little changed, down 0.07%, leaving QQQ ahead by 0.68 percentage points. Mixed U.S. data, Qualcomm's 2029 outlook, Hormuz security news and the Federal Reserve's inflation message formed the main context as the early gains narrowed.
Published Updated
- QQQ
- +0.61%
- SPY
- -0.07%
- QQQ − SPY
- +0.68%
What shaped the session
Qualcomm's 2029 outlook
Qualcomm's 2029 guidance put data-center revenue at $15 billion, adding a quantified AI-infrastructure target to the technology news.
Hormuz security
A report said a ship was attacked in the Strait of Hormuz as Iran threatened a U.N.-backed route, keeping shipping and energy risk in focus.
Federal Reserve inflation message
New York Fed President Williams said inflation remained too high while current interest rates were sufficient to contain price pressures.
Key news
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