MarketNewsCurveOct 25, 2026 · 14 headlines

Oct 25, 2026 · QQQ/SPY Market Review · 14 headlines

Saudi oil-site claims and Fed odds mark a closed Sunday for U.S. stocks

U.S. cash markets were closed Sunday, so QQQ and SPY carried their October 23 closes. Houthi claims about Saudi energy sites and a U.S. embassy evacuation order framed regional risk. A conditional report on U.S. Iran-operation readiness, CME rate odds and a Nvidia memory-supply report added further context.

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What shaped the session

1

Saudi energy security

Houthi claims named Saudi oil facilities and airports, while the U.S. ordered nonemergency embassy personnel to leave. The later pipeline claim remained unconfirmed by Saudi authorities.

2

Iran operation risk

Officials described U.S. forces as ready for a potentially large operation if ordered, but the report did not say an order or strike had occurred.

3

Fed rate odds

CME FedWatch put this week’s hold probability at 90%, a measure of expectations rather than a policy decision.

4

Nvidia memory supply

A Korean report set out a prospective HBM4 production and delivery timetable for Nvidia next year.

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