Jul 18, 2026 · QQQ/SPY Market Review · 6 headlines
U.S. markets were closed on Saturday, leaving QQQ and SPY carried at Friday's closes of $693.60 and $742.50. Gulf tensions intensified as Kuwait halted flights after Iranian attacks, oil moved toward $88, Iran froze commitments under last month's memorandum, and a Kuwait oil site was hit. Two U.S. service members were reported killed in Jordan, while fresh U.S.-Iran strikes later followed the collapse of a ceasefire. Semiconductor coverage showed DRAM ETF inflows rising despite weakness in Micron, Sandisk, Seagate, and Kioxia.
Published
Kuwait halted flights after Iranian attacks as oil moved toward $88. Iran then froze commitments under last month's memorandum, a Kuwait oil site was reported hit, two U.S. service members were killed in Jordan, and fresh strikes followed the collapse of a ceasefire.
DRAM ETF inflows increased even as Micron, Sandisk, Seagate, and Kioxia remained weak, adding a separate semiconductor risk signal to the weekend backdrop.
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