Aug 9, 2026 · QQQ/SPY Market Review · 25 headlines
QQQ and SPY did not trade because U.S. markets were closed. Iran and Oman reported agreement on a shipping transit roadmap while CENTCOM detailed vessel diversions in the Strait of Hormuz. A reported Sony-TSMC image-sensor venture, TSMC's July revenue growth and Apple's reported CXMT tests added fresh semiconductor and supply-chain context, alongside softer July U.S. CPI forecasts.
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Iran said it and Oman had agreed on a shipping transit roadmap and were finalizing technical details. Earlier, CENTCOM said it had rerouted 55 merchant ships, disabled two vessels and boarded two vessels in the Strait of Hormuz.
Economists surveyed by Reuters expected July headline and core CPI inflation to ease year over year, while Citi and Bank of America differed on whether core-services pressure could preserve a September rate increase.
Nikkei reported plans for a roughly ¥1 trillion Sony-TSMC image-sensor venture in Japan. TSMC separately reported July revenue of NT$467.58 billion, up 44.7% from a year earlier and 5.6% from June.
Apple was reported to be testing CXMT memory chips for iPhones and MacBooks as AI demand tightened global memory supplies.
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