QQQ / SPY · Complete month

October 2025

Replay October 2025 through QQQ/SPY closing paths, intraday turns, recurring news themes, and every daily curve.

Review days
31
Trading days
23
News
910
Recurring news themes
6
Oct 1, 2025Oct 31, 2025

Monthly performance

Regular-close path

QQQ ended at +4.80% and SPY at +2.37% from the previous regular close before the month.

Monthly change runs from the final trading-day close before the month to the final trading-day close of the month. Each point on the chart is a trading-day close.

Sessions worth replaying

Strongest QQQ sessionStrongest SPY session
· Regular trading day37 news items

QQQ rebounds 2.09% as trade dialogue, AI chips and rate-cut signals take focus

QQQ rose 2.09% and SPY gained 1.48%, leaving the technology-heavy fund ahead by 0.61 percentage points. U.S.-China officials signaled room for dialogue after the tariff escalation, while OpenAI placed a 10 GW custom-chip order with Broadcom. Fed official Anna Paulson indicated support for two more 25-basis-point cuts in 2025, and mediators signed a Gaza ceasefire document with President Trump.

4 session driversU.S.-China trade dialogue5 key headlinesBessent Said Believe China Is Open To Discussion On This, Everything's On The Table; Trump On Track To Meet Xi In Korea
Regular session · Close 16:00 ET
QQQ+2.13%
SPY+1.54%
Weakest QQQ sessionWeakest SPY sessionLargest QQQ–SPY divergence
· Regular trading day30 news items

Tariff escalation sends QQQ 3.40% lower and SPY 2.83% lower

QQQ fell 3.40% and SPY fell 2.83%, leaving QQQ 0.57 percentage points behind. China's countermeasures against U.S. shipping restrictions, Trump's threatened financial response, and an additional 100% tariff announcement defined the trade backdrop. Permanent federal layoffs and delayed industrial-production data highlighted shutdown disruption. Waller and Musalem kept further rate cuts in view while emphasizing caution and anchored inflation expectations.

3 session driversU.S.-China trade escalation4 key headlinesTrump Threatens Financial Countermeasures Over the Chinese Trade Order
Regular session · Close 16:00 ET
QQQ-3.47%
SPY-2.69%
Strongest intraday rebound
· Regular trading day47 news items

A volatile advance leaves QQQ up 0.76% with Fed, trade and chip news in focus

QQQ rose 0.76% and SPY gained 0.44%, leaving QQQ ahead by 0.33 percentage points. Fed policy and inflation remarks, U.S.-China tariff conditions, large AI infrastructure plans, Apple’s M5 launch, and the unresolved federal shutdown framed a session that gave back part of its opening gains.

4 session driversFed policy and inflation6 key headlinesFed's Miran says downside risk has risen and neutral policy is more urgent
Regular session · Close 16:00 ET
QQQ+0.70%
SPY+0.43%
Calmest session
· Regular trading day19 news items

QQQ outpaces SPY as AMD-OpenAI deal and platform launches dominate AI news

QQQ finished 0.60% higher and SPY gained 0.22%, with both indexes paring stronger opening advances. The day's technology news centered on AMD and OpenAI's 6GW compute partnership and OpenAI's Apps SDK launch. A 25% U.S. truck tariff, an SEC probe into AppLovin, the continuing government shutdown, and Jeff Schmid's resistance to further Fed rate cuts added policy and regulatory context.

4 session driversAI compute and platforms6 key headlinesAMD and OpenAI Form Multi-Year Partnership for 6GW of AI Compute Using AMD Instinct MI450 GPUs
Regular session · Close 16:00 ET
QQQ+0.75%
SPY+0.36%
Busiest news day
· Regular trading day65 news items

QQQ gains 1.03% amid memory-chip repricing and renewed trade diplomacy

QQQ ended up 1.03%, outpacing SPY's 0.67% gain by 0.36 percentage points. The day's context included memory-chip price increases of as much as 30%, U.S.-China trade talks planned for Malaysia, September existing-home sales matching the 4.06 million estimate, and a U.S. investigation into China's compliance with the 2020 trade agreement. Oil flows responded to Russia sanctions, while U.S. quantum-computing support and Venezuela policy added further technology and geopolitical updates.

4 session driversTechnology and capacity6 key headlinesMemory-Chip Supercycle Accelerates as Samsung and SK Hynix Raise Prices 30%
Regular session · Close 16:00 ET
QQQ+0.84%
SPY+0.57%

Recurring news themes

See which themes kept returning during the month and how many review days they appeared in.

Topic counts are descriptive coverage measures. They do not measure price impact.

CPI

Official event-study dates

All daily reviews

Trading days show QQQ/SPY closing moves alongside the day’s news. Market-closed dates keep their news timelines.

· Regular trading day51 news items

QQQ and SPY rebound as manufacturing data and rate-cut hopes frame the session

QQQ opened 0.53% below the previous close and ended 0.51% above it, while SPY moved from a 0.45% opening decline to a 0.32% gain. QQQ finished 0.19 percentage points ahead. Weak ADP employment, mixed manufacturing readings, and widening shutdown risks provided the main policy and growth context.

3 session driversLabor weakness and Fed outlook6 key headlinesU.S. September ADP Employment Unexpectedly Turns Negative, Reinforcing Fed Rate-Cut Expectations
Regular session · Close 16:00 ET
QQQ+0.48%
SPY+0.35%
· Regular trading day50 news items

QQQ and SPY close higher after paring opening gains as AI and EV news keep QQQ ahead

QQQ opened 0.63% above the previous close and finished up 0.46%, while SPY moved from a 0.30% opening gain to a 0.15% advance. QQQ led by 0.31 percentage points. Record Tesla deliveries and OpenAI financing kept technology in focus, while Fed inflation warnings, shutdown-related data delays, and new chip export restrictions tempered the session.

4 session driversAI capital cycle5 key headlinesTesla's Q3 deliveries hit a record 497,000 units, up 7.4% year-over-year, significantly surpassing expectations.
Regular session · Close 16:00 ET
QQQ+0.41%
SPY+0.11%
· Regular trading day35 news items

QQQ trails SPY as mixed services data and Fed signals pressure technology shares

QQQ opened 0.13% above the previous close but finished down 0.46%, while SPY moved from a 0.11% opening gain to a 0.05% advance. SPY led by 0.51 percentage points. Stronger S&P Global service-sector readings contrasted with an ISM non-manufacturing PMI of 50.0, while Fed Governor Stephen Miran linked his policy view to shelter inflation and tariff adjustment.

3 session driversMixed U.S. services data4 key headlinesISM Non-Manufacturing PMI For September 50.0 Vs 51.8 Est.
Regular session · Close 16:00 ET
QQQ-0.43%
SPY-0.01%
· Market-closed day7 news items

Government data delays and AI expansion shape a closed-market Saturday

U.S. markets were closed, leaving QQQ at Friday's 603.16 close and SPY at 669.18. House Republicans' recess decision raised the risk that the shutdown would persist and delay September CPI. OpenAI sought chips, partners, and funding across Asia and the Middle East, while Meta reported strong Ray-Ban Display reservations. Separate lawsuits challenged the $100,000 H-1B fee and Tesla over a fatal Cybertruck crash.

3 session driversPolicy and data risk5 key headlinesU.S. Government Shutdown May Persist and Delay September CPI

Market closed · No intraday price curve

· Market-closed day7 news items

Sunday headlines focus on chip policy, AI hardware hurdles, and leadership change

U.S. markets were closed for the weekend, leaving QQQ at Friday's 603.16 close and SPY at 669.18. Sunday news centered on Taiwan's rejection of a proposed 50-50 chip-production split and new AI-driven Blackwell testing. OpenAI and Jony Ive's $6.5 billion device project faced reported 2026 delays, while Apple prepared an executive reshuffle and removed imitation Sora apps. California granted 800,000 Uber and Lyft drivers union rights, and U.S. envoys headed to Egypt for ceasefire talks.

4 session driversGeopolitical diplomacy6 key headlinesTrump Sends Envoys to Egypt to Advance Israel-Hamas Ceasefire Talks

Market closed · No intraday price curve

· Regular trading day19 news items

QQQ outpaces SPY as AMD-OpenAI deal and platform launches dominate AI news

QQQ finished 0.60% higher and SPY gained 0.22%, with both indexes paring stronger opening advances. The day's technology news centered on AMD and OpenAI's 6GW compute partnership and OpenAI's Apps SDK launch. A 25% U.S. truck tariff, an SEC probe into AppLovin, the continuing government shutdown, and Jeff Schmid's resistance to further Fed rate cuts added policy and regulatory context.

4 session driversAI compute and platforms6 key headlinesAMD and OpenAI Form Multi-Year Partnership for 6GW of AI Compute Using AMD Instinct MI450 GPUs
Regular session · Close 16:00 ET
QQQ+0.75%
SPY+0.36%
· Regular trading day31 news items

Fed signals, Oracle AI economics and tariff headlines frame a weaker QQQ close

QQQ fell 0.58% and SPY lost 0.41%, leaving QQQ 0.17 percentage points behind. Fed speakers and a survey showing higher inflation expectations kept rates in focus. Reports on Oracle's Nvidia-chip rental economics, xAI financing, lower-priced Tesla models, and new tariff or export-control measures supplied the main technology and policy context.

3 session driversRates and inflation6 key headlinesFed Survey Shows One-Year Inflation Expectations Rising as the Labor Outlook Deteriorates
Regular session · Close 16:00 ET
QQQ-0.53%
SPY-0.37%
· Regular trading day30 news items

QQQ extends its lead as Fed minutes and chip infrastructure headlines accompany a broad advance

QQQ rose 1.34% and SPY gained 0.70%, leaving QQQ 0.65 percentage points ahead. Most Fed participants expected further easing during the rest of 2025, although inflation risks remained in view. Broadcom's Tomahawk 6 shipment and late approval of Nvidia chip exports to the UAE added semiconductor context. The unresolved U.S. shutdown and the first phase of an Israel-Hamas peace plan framed the policy backdrop.

3 session driversFed policy path6 key headlinesASML, KLA Fall After US House Panel Calls Out Industry for Sales to China's Military-linked Companies
Regular session · Close 16:00 ET
QQQ+1.15%
SPY+0.59%
· Regular trading day38 news items

Chip policy and divided Fed signals frame a narrow QQQ edge over SPY

QQQ edged up 0.02% while SPY slipped 0.17%, leaving QQQ 0.19 percentage points ahead. China's tighter rare-earth export controls, Taiwan Semiconductor's September revenue, and advancing U.S.-Saudi chip talks shaped the semiconductor backdrop. Williams supported further rate cuts, while Barr emphasized inflation risks and a difficult October decision. The unresolved shutdown, a declared Gaza ceasefire, and the U.S. Treasury's Argentina swap framed the wider policy setting.

3 session driversChip policy and capacity6 key headlinesChina Tightens Grip On Rare Earth Exports To Protect 'National Security' As Tech Giants Brace For Impact
Regular session · Close 16:00 ET
QQQ-0.12%
SPY-0.29%
· Regular trading day30 news items

Tariff escalation sends QQQ 3.40% lower and SPY 2.83% lower

QQQ fell 3.40% and SPY fell 2.83%, leaving QQQ 0.57 percentage points behind. China's countermeasures against U.S. shipping restrictions, Trump's threatened financial response, and an additional 100% tariff announcement defined the trade backdrop. Permanent federal layoffs and delayed industrial-production data highlighted shutdown disruption. Waller and Musalem kept further rate cuts in view while emphasizing caution and anchored inflation expectations.

3 session driversU.S.-China trade escalation4 key headlinesTrump Threatens Financial Countermeasures Over the Chinese Trade Order
Regular session · Close 16:00 ET
QQQ-3.47%
SPY-2.69%
· Market-closed day3 news items

Trade dialogue, defense ties, and CoreWeave insider sales lead Saturday news

U.S. markets were closed for the weekend, leaving QQQ at Friday's 589.49 close and SPY at 653.11. Saturday news included Qatar's plan for an F-15 pilot training hub at an Idaho U.S. Air Force base. China's Commerce Ministry explained recent Chinese trade measures and urged the United States to correct what it called erroneous practices and address concerns through dialogue. CoreWeave executives and directors sold more than $1 billion of shares after the company's lock-up period expired.

3 session driversU.S.-Qatar defense cooperation3 key headlinesChina's Commerce Ministry Explains Recent Chinese Trade Measures and Urges U.S. Action

Market closed · No intraday price curve

· Market-closed day10 news items

Trade signals, chip scrutiny, and AI recruiting shape Sunday news

U.S. markets were closed for the weekend, leaving QQQ at Friday's 589.49 close and SPY at 653.11. China's Commerce Ministry defended rare-earth export controls as Trump said trade relations would improve and U.S. stock-index futures rebounded. Qualcomm faced a China antitrust probe over Autotalks, while Meta reportedly offered a $1.5 billion package to hire Andrew Tulloch. The Israel-Hamas ceasefire held, and Tesla's September China sales rose 25% but remained lower year over year.

4 session driversU.S.-China trade signals6 key headlinesTrump Says Trade Relations Will Improve as U.S. Stock-Index Futures Rebound

Market closed · No intraday price curve

· Regular trading day37 news items

QQQ rebounds 2.09% as trade dialogue, AI chips and rate-cut signals take focus

QQQ rose 2.09% and SPY gained 1.48%, leaving the technology-heavy fund ahead by 0.61 percentage points. U.S.-China officials signaled room for dialogue after the tariff escalation, while OpenAI placed a 10 GW custom-chip order with Broadcom. Fed official Anna Paulson indicated support for two more 25-basis-point cuts in 2025, and mediators signed a Gaza ceasefire document with President Trump.

4 session driversU.S.-China trade dialogue5 key headlinesBessent Said Believe China Is Open To Discussion On This, Everything's On The Table; Trump On Track To Meet Xi In Korea
Regular session · Close 16:00 ET
QQQ+2.13%
SPY+1.54%
· Regular trading day47 news items

SPY holds near flat while QQQ slips amid Fed, trade and chip signals

QQQ fell 0.59% while SPY eased 0.07%, leaving SPY ahead by 0.52 percentage points. Fed comments on labor risks and further rate cuts, new U.S.-China port fees, and Oracle's planned AMD-chip deployment framed the day's policy, trade, and technology context.

3 session driversFed policy path4 key headlinesExpress News | Fed's Powell: Downside risks in the U.S. labor market have increased; balance sheet reduction may be halted in the coming months.
Regular session · Close 16:00 ET
QQQ-0.66%
SPY-0.13%
· Regular trading day47 news items

A volatile advance leaves QQQ up 0.76% with Fed, trade and chip news in focus

QQQ rose 0.76% and SPY gained 0.44%, leaving QQQ ahead by 0.33 percentage points. Fed policy and inflation remarks, U.S.-China tariff conditions, large AI infrastructure plans, Apple’s M5 launch, and the unresolved federal shutdown framed a session that gave back part of its opening gains.

4 session driversFed policy and inflation6 key headlinesFed's Miran says downside risk has risen and neutral policy is more urgent
Regular session · Close 16:00 ET
QQQ+0.70%
SPY+0.43%
· Regular trading day34 news items

Late credit fears erase morning gains as SPY falls 0.93%

QQQ finished down 0.66% and SPY fell 0.93%, leaving QQQ ahead by 0.27 percentage points. Both opened higher before reversing as regional-bank credit concerns and a four-month high in the VIX reshaped risk appetite. Fed easing signals, U.S.-China chip friction and large AI financing plans remained in focus.

4 session driversCredit-risk reversal6 key headlinesRegional-bank credit concerns trigger a 6.3% index selloff
Regular session · Close 16:00 ET
QQQ-0.37%
SPY-0.68%
· Regular trading day33 news items

Regional-bank rebound accompanies QQQ's turn from a lower open to a 0.83% gain

QQQ gained 0.83% and SPY rose 0.70%, leaving the technology-heavy fund ahead by 0.13 percentage points. Trade signals included President Trump saying high tariffs on Chinese goods were unsustainable and a later extension of auto tariff relief. Fed official Musalem described a conditional path to another rate cut. Nearly $30 billion of Meta data-center financing, the first U.S.-made Blackwell wafer from Nvidia and TSMC, and a regional-bank rebound after earnings rounded out the session's main themes.

4 session driversTrade and auto-tariff signals6 key headlinesTrump, Asked If High China Tariffs Will Stand Said No; Said High Tariffs On Chinese Goods Not Sustainable, Meeting With China's Xi In Two Weeks
Regular session · Close 16:00 ET
QQQ+0.65%
SPY+0.56%
· Market-closed day3 news items

Tariff exemptions expand as shipping framework stalls and Gaza warning emerges

U.S. markets were closed for the weekend, leaving QQQ at Friday's 603.88 close and SPY at 664.32. The Trump administration was reported to be expanding tariff exemptions while using Section 232 for heavy trucks, pharmaceuticals and furniture ahead of a Supreme Court hearing. An IMO vote delayed its Net Zero Framework for shipping by one year after a U.S. sanctions threat. The United States also warned that Hamas could imminently breach the Gaza ceasefire and put civilians at risk.

3 session driversU.S. tariff recalibration3 key headlinesTrump administration adjusts tariff strategy before November Supreme Court hearing

Market closed · No intraday price curve

· Market-closed day6 news items

Forecast-beating China data leads weekend updates from Apple and Alibaba

U.S. markets were closed for the weekend, so QQQ remained at Friday's 603.88 close and SPY at 664.32. China's third-quarter GDP grew 4.8% year over year, above the 4.7% estimate but below the prior 5.2%. September industrial production rose 6.5%, topping the 5.0% estimate, while unemployment eased to 5.2% from 5.3%. Apple was reported to be seeing its strongest smartphone sales growth since COVID-19. Alibaba Cloud said Aegaeon cuts Nvidia GPU use by 82%, and South Korea reported substantive progress in U.S. tariff talks.

4 session driversChina's mixed growth picture6 key headlinesReported Earlier, China Gross Domestic Product (YoY) For Q3 4.8% Vs. 4.7% Est.; 5.2% Prior

Market closed · No intraday price curve

· Regular trading day12 news items

AWS outage and minerals pact frame a 1.35% QQQ advance

QQQ finished the session up 1.35%, ahead of SPY's 1.11% gain by 0.24 percentage points. The day featured a broad AWS outage and later EC2 recovery, Google Cloud's rollout of Nvidia-powered G4 machines, and a U.S.-Australia plan for more than $3 billion of critical-minerals investment. Apple also faced a China App Store antitrust suit, while Cboe proposed longer U.S. equity-options hours.

4 session driversAWS service disruption5 key headlinesAWS outage disrupts hundreds of U.S. websites and apps
Regular session · Close 16:00 ET
QQQ+1.26%
SPY+1.04%
· Regular trading day18 news items

Amazon automation and AI investment accompany a 0.21% QQQ decline

QQQ ended the session down 0.21%, trailing SPY's slight 0.04% decline by 0.17 percentage points. Amazon outlined a plan to automate 75% of its operations by 2033, and OpenAI launched its Atlas browser for macOS. Later updates included Micron's $200 billion U.S. memory-manufacturing plan, an Anthropic-Google cloud agreement under discussion for up to $10 billion, and $27 billion of Meta data-center financing arranged with Blue Owl.

3 session driversAutomation and AI products5 key headlinesAmazon automation plan could avoid 600,000 U.S. hires by 2033
Regular session · Close 16:00 ET
QQQ-0.02%
SPY0.00%
· Regular trading day21 news items

Software export curbs and Russia sanctions mark a 1.16% QQQ decline

QQQ ended down 1.16%, trailing SPY's 0.67% decline by 0.49 percentage points. The session included a potential U.S. restriction on software exports, Google's Willow quantum-computing update and a report on expanded Ukrainian use of Western long-range missiles. After hours, the U.S. sanctioned Rosneft and Lukoil, automakers opposed tariffs on factory robots, and Tesla reported 12% revenue growth alongside a 31% profit decline.

4 session driversTrade and industrial policy6 key headlinesExpress News | The Trump administration is considering implementing restrictions on software exports.
Regular session · Close 16:00 ET
QQQ-0.98%
SPY-0.52%
· Regular trading day65 news items

QQQ gains 1.03% amid memory-chip repricing and renewed trade diplomacy

QQQ ended up 1.03%, outpacing SPY's 0.67% gain by 0.36 percentage points. The day's context included memory-chip price increases of as much as 30%, U.S.-China trade talks planned for Malaysia, September existing-home sales matching the 4.06 million estimate, and a U.S. investigation into China's compliance with the 2020 trade agreement. Oil flows responded to Russia sanctions, while U.S. quantum-computing support and Venezuela policy added further technology and geopolitical updates.

4 session driversTechnology and capacity6 key headlinesMemory-Chip Supercycle Accelerates as Samsung and SK Hynix Raise Prices 30%
Regular session · Close 16:00 ET
QQQ+0.84%
SPY+0.57%
· Regular trading day58 news items

QQQ rises 1.14% alongside cooler inflation and firmer services data

QQQ ended up 1.14%, outpacing SPY's 0.82% gain by 0.31 percentage points. September headline and core inflation were both below forecasts, while October services activity exceeded estimates and consumer sentiment fell short. Intel's results added a semiconductor earnings update. U.S.-China trade policy, bilateral talks in Malaysia, and the disruption at Russia's Ryazan refinery supplied further geopolitical context.

3 session driversCooler U.S. inflation6 key headlinesExpress News | US Sep. CPI YoY +3.0% Vs +3.1% Forecast, Prior +2.9%
Regular session · Close 16:00 ET
QQQ+1.05%
SPY+0.80%
· Market-closed day2 news items

Canada tariff escalation and stalled Ukraine talks shape the weekend

With U.S. markets closed, the day's context centered on an additional 10% tariff on Canadian goods and renewed frustration over stalled Russia-Ukraine peace talks.

2 session driversCanada tariff escalation2 key headlinesExpress News | Dissatisfied with Canada's anti-tariff advertisement, Trump announced an additional 10% tariff on Canadian goods.

Market closed · No intraday price curve

· Market-closed day11 news items

Sunday focus turns to tariff diplomacy and policy pressure

U.S. markets were closed, so QQQ and SPY remained unchanged at Friday's carried closes with neither leading. Updates centered on a proposed U.S.-China tariff pause, renewed U.S.-Brazil talks, an inflation-linked USD/JPY follow-up, and fresh legal and cost pressure on Microsoft and Ford.

3 session driversGlobal trade policy5 key headlinesUS and China To Pause 100 Percent Tariffs and Rare Earth Export Controls

Market closed · No intraday price curve

· Regular trading day28 news items

AI infrastructure news dominates while QQQ advances 1.92%

QQQ gained 1.92%, outpacing SPY's 1.23% rise by 0.69 percentage point. During the session, Qualcomm introduced data-center AI chips, the Energy Department formed a $1 billion AMD partnership, and Nvidia and Deutsche Telekom planned a €1 billion German data center. The Dallas Fed manufacturing index improved to -5.0, while after-hours Google and NextEra nuclear plans and Amazon workforce cuts extended the corporate news flow.

3 session driversAI infrastructure expansion6 key headlinesQualcomm Unveils New AI Chips To Compete In Data Center Race
Regular session · Close 16:00 ET
QQQ+1.78%
SPY+1.17%
· Regular trading day41 news items

QQQ outpaces SPY as Nvidia announcements fill the session

QQQ gained 0.86%, outpacing SPY's 0.30% rise by 0.57 percentage point. Microsoft and OpenAI restructured their partnership, while Nvidia announced a Nokia investment and projected $500 billion of Blackwell and Rubin business. U.S. consumer confidence beat estimates, and later announcements covered seven new Energy Department and Nvidia AI supercomputers alongside Nvidia's exclusion from China's AI-chip market.

3 session driversAI partnerships and demand6 key headlinesExpress News | Microsoft and OpenAI Sign Major Deal: OpenAI Adds $250 Billion in Azure Service Orders, Microsoft Secures 27% Equity Stake and AI Model Licensing Extended to 2032
Regular session · Close 16:00 ET
QQQ+0.76%
SPY+0.25%
· Regular trading day34 news items

QQQ edges higher as Fed caution and AI buildout frame the divergence

QQQ finished 0.28% higher while SPY slipped 0.05%, leaving QQQ ahead by 0.33 percentage points. The Fed cut rates by 25 basis points, but Powell said another December cut was not assured. AI context ranged from planned talks over Nvidia chips with China to Amazon's Project Rainier and a 100,000-GPU Energy Department supercomputer.

2 session driversFed rate path5 key headlinesExpress News | The Federal Reserve lowered the benchmark interest rate by 25 basis points to 3.75%-4.00%, marking the second consecutive rate cut in line with market expectations.
Regular session · Close 16:00 ET
QQQ+0.47%
SPY+0.03%
· Regular trading day51 news items

QQQ and SPY rebound after hours alongside Apple and Amazon earnings

QQQ and SPY ended 0.39% and 0.42% below their previous closes after after-hours gains recovered part of deeper regular-session losses. Apple and Amazon both reported earnings above estimates, while Treasury Secretary Scott Bessent addressed the Fed's rate cut and U.S. control of critical supply chains.

2 session driversMega-cap earnings4 key headlinesApple Q4 EPS $1.85 Beats $1.76 Estimate, Sales $102.466B Beat $102.171B Estimate
Regular session · Close 16:00 ET
QQQ-1.54%
SPY-1.08%
· Regular trading day51 news items

QQQ retains a 0.48% gain as Fed officials split over December policy

QQQ and SPY finished 0.48% and 0.28% above their previous closes after opening 1.29% and 0.76% higher. The session featured disagreement among Fed officials over further easing, renewed U.S.-China rare-earth tension, a better-than-expected Chicago PMI reading and Stellantis investment plans.

3 session driversFed rate debate5 key headlinesDallas Fed President Logan Says Inflation Too High And Likely To Exceed 2% Goal 'For Too Much Longer'; Wide Range Of Alternative Data Sources Provide Visibility Into The State Of…
Regular session · Close 16:00 ET
QQQ+0.50%
SPY+0.32%