Stock Market News Review: Mixed Performance for SPY and QQQ Amid Trump-Nvidia Meeting and Brazil Tariff Retaliation Threat

The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) opened Thursday's trading session in the green, with SPY closing in positive territory and QQQ not so lucky. Initial jobless claims were lower than expected, and continuing jobless claims reached their highest level since November 2021. President Trump declared a 50% tariff on imported goods from Brazil, prompting Brazilian President Lula to retaliate with an equal tariff. Trump celebrated the strong performance of tech stocks, cryptocurrencies, and Nvidia, and will hold a meeting with Nvidia CEO Jensen Huang today.

The S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ) opened Thursday's trading session in the green, with SPY closing in positive territory while QQQ did not fare as well. The initial jobless claims were lower than expected, and continuing jobless claims reached their highest level since November 2021. President Trump declared a 50% tariff on imported goods from Brazil, prompting Brazilian President Lula to retaliate with an equal tariff. Trump celebrated the strong performance of tech stocks, cryptocurrencies, and Nvidia, and will hold a meeting with Nvidia CEO Jensen Huang today.

The Nasdaq-100 has entered a new bull market, recovering from a significant downturn attributed to geopolitical tensions and tariffs [1]. The Invesco QQQ Trust Series 1 ETF (NASDAQ:QQQ) offers a direct investment opportunity in the Nasdaq-100, with its current market dynamics suggesting potential for future growth. On July 7, 2025, Brandon Gill made a purchase of shares in the Invesco QQQ Trust Series 1 ETF (NASDAQ:QQQ), with the transaction valued between $1,001 and $15,000. This transaction was disclosed on July 10, 2025. The Invesco QQQ Trust is an exchange-traded fund that tracks the Nasdaq-100, which includes major companies like Nvidia, Microsoft, and Apple.

The Nasdaq-100 has recently entered a new bull market, recovering from a significant downturn. Earlier in April, the index fell into bear market territory, losing 23% of its peak value due to President Donald Trump's "Liberation Day" tariffs. These tariffs threatened the global economy, but with negotiations now underway, the president has paused the most severe import penalties. This has allowed the index to rebound and reach a new record high. The Invesco QQQ Trust provides investors with a straightforward way to invest in the entire Nasdaq-100 index. The current price of QQQ is $554.33, reflecting a decrease of 0.35% or $1.92. Today, the price has fluctuated between a low of $552.75 and a high of $557.30. Over the past year, QQQ has reached a high of $557.63 and a low of $402.39.

The market capitalization of QQQ stands at approximately $217.91 billion, with a trading volume of 14.12 million shares on the NASDAQ exchange. Investors may wonder if they missed the chance to buy during the dip, but the recent recovery suggests potential for future growth.

Meanwhile, the S&P 500 ETF (SPY) closed in positive territory, reflecting the broader market's resilience amidst geopolitical uncertainties. The S&P 500 has shown signs of recovery, with investors optimistic about the long-term prospects of the U.S. economy.

In summary, while the Nasdaq-100 ETF (QQQ) faced a mixed day, the broader market trends indicate a recovery momentum. The S&P 500 ETF (SPY) closed in positive territory, reflecting investor confidence in the market's resilience. The recent recovery of the Nasdaq-100 suggests potential for future growth, with investors looking to capitalize on the index's rebound.

References:
[1] https://site.financialmodelingprep.com/market-news/invesco-qqq-trust-series-1-etf-purchase-nasdaq-100-recovery
[2] https://www.nasdaq.com/articles/these-were-2-worst-performing-nasdaq-100-stocks-june-2025
[3] https://www.investing.com/news/stock-market-news/asset-managers-boost-nasdaq-100-futures-cut-growth-etfs-93CH-4126667
[4] https://www.marketwatch.com/economy-politics/calendar