Housing and rates
September existing-home sales reached 3.99 million versus 3.95 million expected, while Collins said rates may need to rise further before year-end.
Oct 13, 2026 · QQQ/SPY Market Review · 44 headlines
SPY stays near flat while QQQ remains lower, with home sales and ASML results in view
By 04:00 ET, QQQ was down 0.42% and SPY 0.07%, leaving SPY ahead by 0.36 percentage points. QQQ recovered part of its weak opening gap during regular trading, then softened after hours. September home sales exceeded estimates and Collins kept rate-rise risk in view. Meta and Google AI updates, Hormuz tanker rerouting, and ASML’s overnight sales report supplied the other main contexts.
Published
- QQQ
- -0.42%
- SPY
- -0.07%
- QQQ − SPY
- -0.36%
What shaped the session
AI spending and chips
Zuckerberg defended potential Meta AI spending of up to $200 billion, Google rolled out Gemini 4 Argon, and ASML reported Q3 sales of €11.662 billion against €11.735 billion expected.
Hormuz shipping risk
More than ten supertankers reportedly turned back or changed course near Fujairah as operators grew cautious about Hormuz transit. The report did not establish a halt to oil loading or passage.
Key news
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