Joint yen intervention
The U.S. Treasury secretary and Japan's finance minister confirmed coordinated foreign-exchange intervention and said they were prepared to act together again.
MarketNewsCurve2026-08-02 · 22 headlines
August 2, 2026 · QQQ/SPY Market Review · 22 headlines
Closed-market Sunday brings yen intervention, Hormuz uncertainty and new AI-capacity signals
QQQ and SPY recorded no trading move because U.S. markets were closed. The main context came from confirmed U.S.-Japan yen intervention, an Iranian clarification that its talks were with Oman rather than the United States, an OPEC+ September quota increase, and quantified TSMC and cloud-provider AI capacity plans.
Published
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What shaped the session
Hormuz and oil supply
Iran said its current talks were with Oman over safe passage through the Strait of Hormuz, not with the United States. Separately, OPEC+ agreed to raise its September production quota by 188,000 barrels per day.
AI capacity and capital spending
A report said TSMC could reach its 3nm monthly output target early. TrendForce separately forecast about 90% growth in 2026 capital spending by the nine largest cloud providers and raised its AI-server shipment outlook.
Key news
QQQ Carried close$687.92Carried from 2026-07-31
SPY Carried close$746.81Carried from 2026-07-31
News count22Weekend
Last pointClosed market
QQQ / SPY · 2026-08-02 News Curve
QQQ / SPY · 2026-08-02