--- title: "Stock Market Today: SPY, QQQ Shrug Off U.S.-Iran Tensions, Renewed Tariff Concerns" type: "News" locale: "en" url: "https://longbridge.com/en/news/293383627.md" description: "SPY and QQQ rose as AI stocks recovered from recent selloffs. Markets shrugged off U.S.-Iran tensions and tariff concerns, including potential new duties replacing expiring Section 122 measures and 50% tariffs on Canadian goods. Apple announced a device leasing program and received an upgraded price target. Tesla, Alphabet, and IBM are set to report earnings Wednesday." datetime: "2026-07-21T20:25:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293383627.md) - [en](https://longbridge.com/en/news/293383627.md) - [zh-HK](https://longbridge.com/zh-HK/news/293383627.md) --- # Stock Market Today: SPY, QQQ Shrug Off U.S.-Iran Tensions, Renewed Tariff Concerns Both the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) closed higher on Tuesday as AI stocks continued to recover from last week's selloff. ### Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks ## **News That Moved the Stock Market Today** - President Trump has two realistic options for the next step in the Iran war, U.S. and Israeli officials told _Axios_. One option would be accepting a mediator-backed 10-day ceasefire to restore shipping through the Strait of Hormuz. The other would involve expanding coordination efforts with Israel and launching an aggressive military campaign designed to pressure Tehran into backing down. - U.S. Trade Representative (USTR) Jamieson Greer told _CNBC's_ "Squawk Box" that the U.S. will likely announce new tariffs soon. Trump's global 10% duties under Section 122 of the Trade Act of 1974 are set to expire on Friday. They'll likely be replaced by new measures under an alternative legal authority. - On Monday evening, the White House announced 50% tariffs on several Canadian products, including concrete, beer, and milk. However, Canadian Prime Minister Mark Carney said Trump agreed to accelerate trade negotiations to potentially avoid the higher tariffs before they take effect on August 19. - AI stocks returned to the spotlight, highlighted by significant gains in Micron (MU), Western Digital (WDC), Intel (INTC), and AMD (AMD). - Apple (AAPL) is set to launch an "Upgrade" device leasing program for iPhone, Mac, iPad and Apple ​Watch models on July 28, according to _Bloomberg_. In addition, HSBC analyst Nicolas Cote-Colisson raised his AAPL price target to $366 from $260. - Tesla (TSLA), Alphabet (GOOGL), and IBM (IBM) will tariff-plans"\>report their earnings on Wednesday after the market close. ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [AAPD.US](https://longbridge.com/en/quote/AAPD.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [AAPW.US](https://longbridge.com/en/quote/AAPW.US.md) - [APLY.US](https://longbridge.com/en/quote/APLY.US.md) - [AAPY.US](https://longbridge.com/en/quote/AAPY.US.md) - [IBX.US](https://longbridge.com/en/quote/IBX.US.md) - [GOU.US](https://longbridge.com/en/quote/GOU.US.md) - [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md) - [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) ## Related News & Research - [Apple Reportedly Worked on Two 'Extreme' Chips](https://longbridge.com/en/news/293129035.md) - [PREVIEW-Intel results to test if AI-fueled rally has room to run](https://longbridge.com/en/news/293455633.md) - [IBM stock crash reveals 7 AI stock picks](https://longbridge.com/en/news/293131182.md) - [Why Google partnered with former Twitter CEO Parag Agrawal's $2 billion AI search startup](https://longbridge.com/en/news/292880383.md) - [IBM (NYSE:IBM) Launches Team ORION And Expands AI Security And Infrastructure](https://longbridge.com/en/news/293388582.md)