MarketNewsCurveAug 23, 2026 · 23 headlines

Aug 23, 2026 · QQQ/SPY Market Review · 23 headlines

Sunday closes with tighter Hormuz flows, a tanker strike and fresh AI commitments

U.S. markets were closed, so QQQ and SPY did not trade and neither led. U.S. plans for broader economic isolation of Iran coincided with Kpler data showing Hormuz oil flow at 6.7 million barrels a day and a UKMTO report that a tanker was hit west of Yanbu. Canada prepared support for tariff-hit businesses, while SoftBank planned a ¥1 trillion bond sale and Micron said AI-memory demand continued to outpace supply.

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What shaped the session

1

Hormuz sanctions and shipping

The U.S. outlined broader secondary sanctions on Iran. Kpler put Hormuz oil flow at 6.7 million barrels a day, and UKMTO reported a tanker hit west of Yanbu.

2

Canada tariff support

Canada prepared a domestic aid package for businesses affected by U.S. tariffs, with support potentially lasting through the remainder of the Trump administration.

3

AI financing and supply

SoftBank planned its largest-ever bond issue to fund AI investment. Micron said AI-driven memory demand continued to outpace supply and pointed to long-term customer agreements.

QQQ / SPY · Aug 23, 2026 News Curve

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