Inflation and activity
August PCE inflation rose 3.4% year on year against a 3.7% estimate, while September Chicago PMI reached 58.8 against 51.2 expected.
Sep 30, 2026 · QQQ/SPY Market Review · 36 headlines
Softer PCE and Micron orders frame QQQ's lead as SPY fades in regular trading
At the last fresh ETF prices at 20:00 ET, QQQ was up 0.66% and SPY 0.18% from the prior regular close, leaving QQQ ahead by 0.48 percentage points. SPY turned negative during regular trading while QQQ stayed positive, then both recovered after hours. August PCE was below estimates, while Chicago PMI was stronger. Micron’s first-quarter outlook and its later $150 billion order book extended the chip story. CENTCOM reported 125 ship reroutings under the Iran blockade, and the U.S. 10-year yield later reached 5.33%. The overnight QQQ/SPY curve carries the last fresh prices.
Published
- QQQ
- +0.66%
- SPY
- +0.18%
- QQQ − SPY
- +0.48%
What shaped the session
Memory demand
Micron guided first-quarter sales to $60 billion to $63 billion against a $56.553 billion estimate. Later, its CEO reported 26 long-term agreements securing about $150 billion of orders.
Gulf shipping
U.S. Central Command said 125 merchant vessels had been rerouted to enforce the Iran blockade as of September 30.
Long Treasury yields
The U.S. 10-year Treasury yield later touched 5.33%, its highest since 2002. The 30-year yield also reached a new high since 2002.
Key news
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