Producer prices and rates
July PPI was unchanged from June versus an expected 0.2% increase, adding a softer producer-price reading to the rate backdrop before regular trading.
Aug 13, 2026 · QQQ/SPY Market Review · 68 headlines
QQQ rises 1.19% and leads SPY as soft PPI and Lenovo's record quarter offset Hormuz disruption
By 04:00 ET, QQQ was up 1.19% and SPY 0.73%, with QQQ widening its advantage during regular trading and finishing 0.46 percentage point ahead. Softer July PPI and Lenovo's record revenue coincided with the early QQQ-led advance, while Applied Materials' above-consensus guidance extended the semiconductor backdrop after the close. Overnight reports that Apple was training a China AI model with Alibaba support and that Asian refiners were buying U.S. crude as Hormuz traffic stayed constrained broadened the final account.
Published
- QQQ
- +1.19%
- SPY
- +0.73%
- QQQ − SPY
- +0.46%
What shaped the session
AI and semiconductor demand
Lenovo reported record quarterly revenue of $26.9 billion, up 43%, with AI-related revenue up 60%. Applied Materials later guided earnings and sales above consensus, and an overnight report said Apple was training a China-market AI model with Alibaba support.
Hormuz shipping and oil
ADNOC said two vessels were attacked while transiting the Strait of Hormuz, with no injuries reported. Overnight, at least four Asian refiners were reported to have bought U.S. crude as traffic through the strait fell below this month's average.
Key news
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