How QQQ (Nasdaq-100 ETF) reacts to macro news
QQQ moves 2.5× a normal 2–3pm ET hour after FOMC; 58% of releases give it a top-10% 2–3pm ET hour.
QQQ (Nasdaq-100 ETF) has data for 1,183 scheduled macro releases across 8 event types. The biggest typical +1h move (median size, either direction) came after US GDP (advance estimate) (±0.43%, 1.7× a normal opening hour), the smallest after US retail sales (±0.30%, 1.3× a normal opening hour).
Next release that moves QQQ: FOMC rate decision,
US events only; IEX venue prices, regular hours, so 08:30 ET releases are measured from the 09:30 open.
Every event, ranked by how much it moves QQQ
Ranked by the move multiple: the median move after a release vs a matched normal 2–3pm ET hour. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.
| Event | × normal | Top-10% | Impact | +5m | +1h | +4h | % up +1h | n |
|---|---|---|---|---|---|---|---|---|
| FOMC rate decision | 2.5× | 58% | High | 0.18% | 0.34% | – | 57% | 76 |
| US GDP (advance estimate) | 1.7× | 20% | Medium | 0.15% | 0.43% | 0.61% | 54% | 39 |
| US Nonfarm Payrolls (NFP) | 1.6× | 19% | High | 0.13% | 0.38% | 0.73% | 58% | 113 |
| US Consumer Price Index (CPI) | 1.4× | 18% | High | 0.13% | 0.37% | 0.49% | 56% | 114 |
| US PCE inflation (Personal Income and Outlays) | 1.4× | 19% | Medium | 0.13% | 0.40% | 0.52% | 50% | 112 |
| US initial jobless claims | 1.4× | 13% | Low | 0.14% | 0.36% | 0.47% | 51% | 500 |
| US Producer Price Index (PPI) | 1.3× | 7% | Medium | 0.10% | 0.32% | 0.49% | 52% | 116 |
| US retail sales | 1.3× | 8% | Low | 0.11% | 0.30% | 0.43% | 42% | 113 |
Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.
Recaps where QQQ moved most
Event recaps ranked by the size of QQQ's move over the 4 hours after the release (the first hour is often pre-market). All event recaps →
- US CPI · 13 Oct 2022 +5.20%
- US CPI · 13 Dec 2022 -2.78%
- US payrolls (NFP) · 6 Oct 2023 +2.36%
- US CPI · 13 Jul 2022 +2.33%
- US payrolls (NFP) · 6 Sep 2024 -2.31%