MarketNewsCurveAug 29, 2026 · 9 headlines

Aug 29, 2026 · QQQ/SPY Market Review · 9 headlines

Closed Saturday puts Hormuz controls, energy deals and AI capacity in focus

U.S. markets were closed, so QQQ and SPY carried Friday's regular closes and neither led. Iran said Hormuz transit still required its approval, while the U.S. imposed Iran-related sanctions on Banque Misr's UAE branches and Venezuela detailed a 25-year oil agreement. Russia prepared a strike on Ukrainian energy infrastructure, as Texas paused new data-center construction and OpenAI reported rapid Codex adoption in Thailand.

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QQQ − SPY
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What shaped the session

1

Hormuz and oil policy

Iran tied Hormuz transit to its approval, while Venezuela outlined 25-year concession terms targeting 1.5 million barrels per day.

2

Sanctions and energy security

U.S. sanctions cut Banque Misr's UAE branches off dollar transactions, and Russia said it was preparing a large-scale strike on Ukraine's energy infrastructure.

3

AI adoption and capacity

OpenAI reported more than 350-fold growth in Codex weekly active usage in Thailand and announced an accelerator for 10 startups, while Texas paused new data-center construction.

QQQ / SPY · Aug 29, 2026 News Curve

QQQ / SPY · 2026-08-29