Mixed U.S. data
The Chicago PMI was 56.7 versus a 55.7 estimate and May JOLTS openings were 7.594M versus 7.280M expected. June consumer confidence was 91.2 versus 94.4 expected, while the Dallas Fed services revenue index rose to 5.3 from -2.9.
Jun 30, 2026 · QQQ/SPY Market Review · 45 headlines
QQQ stands 1.69% above its prior close as mixed data and technology updates shape the backdrop
By 4:00 a.m. ET the next day, QQQ stood 1.69% above its prior close and SPY was 0.72% higher, leaving QQQ ahead by 0.97 percentage points. U.S. data were mixed as the Chicago PMI and JOLTS job openings exceeded estimates, while consumer confidence missed expectations. Fed's Hammack said growth was solid and the labor market was near full employment, but inflation remained too high and rate hikes might need consideration. Alphabet's replacement of Verizon in the Dow Jones index and an overnight China RatingDog manufacturing PMI of 51.7 versus 51.9 expected added technology and global-data context.
Published
- QQQ
- +1.69%
- SPY
- +0.72%
- QQQ − SPY
- +0.97%
What shaped the session
Fed policy
Fed's Hammack described growth as solid and the labor market as near full employment, while saying inflation remained too high and rate hikes might need consideration.
Technology index update
Alphabet replaced Verizon in the Dow Jones index, placing a major technology company at the center of an index-composition update.
Overnight global data
China's June RatingDog manufacturing PMI was 51.7 versus 51.9 expected and 51.8 prior. France's June manufacturing PMI was 51.2 versus 50.7 expected and 49.7 prior.
Key news
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