Jul 19, 2026 · QQQ/SPY Market Review · 7 headlines

Brent above $90 and a Hormuz vessel fire dominate Sunday headlines

U.S. markets were closed on Sunday, so QQQ and SPY remained at Friday's closes of $693.60 and $742.50. Jordan intercepted Iranian missiles and the U.S. launched retaliatory strikes. A later update put U.S. troop deaths at 17 while Brent moved above $90 and Dow futures slipped. A vessel caught fire near the Strait of Hormuz. Arabian Gulf oil flows nevertheless held near 14 million barrels a day. Marco Rubio said Washington remained open to diplomacy while warning about deeper conflict. Germany's June producer price index was -0.3% month over month, versus -0.2% expected and 0.3% previously.

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