Jul 20, 2026 · QQQ/SPY Market Review · 23 headlines
QQQ opened 0.98% higher but ended nearly flat at a 0.07% gain. SPY opened 0.50% higher and finished down 0.16%, leaving QQQ ahead by 0.23 percentage points. The session's context included an Iranian missile strike on U.S. troop housing in Jordan, a new round of U.S. strikes on Iran, and a Houthi maritime embargo threat against Saudi Arabia. A White House announcement added 50% tariffs on certain Canadian goods. BlackRock-led financing of $12 billion for new Meta data centers kept AI infrastructure spending in focus.
Published
Reports that an Iranian missile struck U.S. troop housing in Jordan and that U.S. forces began new strikes on Iran kept military escalation prominent. A Houthi declaration of a maritime embargo against Saudi Arabia added a shipping and oil-risk dimension.
The White House said three proclamations would impose additional 50% tariffs on certain Canadian goods under Section 338 of the Tariff Act of 1930.
BlackRock-led financing of $12 billion for new Meta data centers in Texas highlighted the scale of continued AI infrastructure investment.
Loading the full-day price curve…
