Jul 4, 2026 · QQQ/SPY Market Review · 7 headlines
QQQ and SPY remained unchanged at their July 2 closing levels while U.S. markets were closed. Record data-center lease commitments, Micron's Japan expansion and rising clean-energy contract costs framed the technology capital cycle, while France's naval deployment near Hormuz and a Trump-Putin call kept geopolitical developments in focus.
Published
Technology investment remained prominent through more than $850 billion of reported data-center lease commitments, Micron's $9.3 billion Japan expansion, sharply higher projected clean-energy contract costs and South Korea's planned future fund.
France moved to reinforce naval forces in the Persian Gulf to secure navigation, while a nearly 90-minute Trump-Putin call centered on a possible path toward resolving the Ukraine war.
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