Inflation and policy path
Atlanta Fed's Venable said inflation remained too high and linked future price pressure to the Middle East conflict. Overnight, Collins said she could support a September rate increase if elevated inflation persisted.
MarketNewsCurveAug 11, 2026 · 49 headlines
Aug 11, 2026 · QQQ/SPY Market Review · 49 headlines
QQQ and SPY lose opening gains, fall about 0.26%, and finish nearly even amid rate and Hormuz risks
QQQ fell 0.26% and SPY fell 0.27%, leaving the two ETFs essentially even after their modest opening gains faded. Both reached their session lows near 14:30 ET, recovered only part of the decline after hours, and then held steady overnight through 04:00 ET. Direct policy commentary, physical oil flows and shipping security around Hormuz, and fresh AI demand measures provided the main background.
Published
- QQQ
- -0.26%
- SPY
- -0.27%
- QQQ − SPY
- +0.00%
What shaped the session
Hormuz energy and shipping
The U.S. Energy Secretary put the seven-day average of oil leaving Hormuz at almost 9 million barrels per day. U.S. Central Command also reported a missile strike on a commercial ship headed toward an Iranian port.
AI demand and adoption
CoreWeave reported second-quarter revenue growth of 112% and a $104 billion backlog. Google said Gemini surpassed 1 billion monthly active users, pairing infrastructure demand with a large consumer-adoption measure.
Key news
Open
QQQ
+0.13%09:31 $721.78
SPY
+0.12%09:31 $773.94
Regular close
QQQ
-0.35%16:00 $718.33
SPY
-0.34%16:00 $770.42
Full-session range
QQQ
$724.38 / $715.50High 07:09 / Low 14:30
SPY
$774.96 / $769.20High 07:05 / Low 14:30
Full-session end
QQQ
-0.26%04:00 $718.99
SPY
-0.27%04:00 $770.98
QQQ / SPY · Aug 11, 2026 News Curve
QQQ / SPY · 2026-08-11