August 7, 2026 · QQQ/SPY Market Review · 43 headlines
By 04:00 ET, QQQ was up 1.20% and SPY 0.63%, leaving QQQ ahead by 0.57 percentage point. July payrolls fell by 23,000 and Barkin described a weak-balance labor market, while attacks on ADNOC vessels and progress in Oman-Iran talks kept energy-route risk in focus. Overnight, Nvidia outlined an investment of up to $3 billion in Lancium's AI power infrastructure, and a report said U.S. military leaders were seeking a path out of the Iran war.
Published
July payrolls fell by 23,000 instead of the expected 80,000 gain, and earlier readings were revised lower. QQQ rose 0.43% and SPY 0.19% during the next 15 minutes. Barkin later described a weak-balance labor market, followed by a 0.39% QQQ rebound and a 0.31% SPY rebound over 15 minutes.
Nvidia agreed to invest $2 billion in Lancium and committed another $1 billion after additional planned power resources are secured. The overnight report extended the day's AI theme from models and chips into data-center electricity infrastructure.
ADNOC reported 15 vessel attacks since the conflict began. U.S. officials later described progress in Oman-Iran talks on restoring commercial shipping, while overnight reporting said U.S. military leaders were seeking a path out of the Iran war.
QQQ / SPY · 2026-08-07
