Aug 1, 2026 · QQQ/SPY Market Review · 15 headlines
QQQ and SPY stayed at Friday's closes while U.S. markets were shut, so neither ETF led. Weekend reports moved from the IRGC's claimed strike on a U.S.-used base toward Trump's conditional cancellation of another U.S. strike and a reported Qatar-U.S. proposal to reopen the Strait of Hormuz. Japan's electricity-cost increase and a reported OPEC+ output plan added energy context.
Published
The IRGC claimed a missile strike on F-35 facilities at a U.S.-used base in Jordan. Later, Trump said he would cancel a planned strike if an agreement was reached quickly, while a separate report described a Qatar-U.S. proposal accepted by Iran.
The International Energy Agency linked disrupted Hormuz shipping to a 30% year-over-year increase in Japan's second-quarter wholesale electricity price. A later report described a proposed route to reopening the strait.
A market report said OPEC+ agreed in principle to raise output by 188,000 barrels a day and pause further production increases in the fourth quarter.
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