# Both the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) closed Monday’s trading session in negative territory.

*fintech · news · 2025-12-08 · Markets Insider*

## Key points

- A Trump administration memo outlines plans to cut government funding for DEI and gender programs.
- Trump will sign an executive order to centralize AI regulation federally, eliminating state-by-state laws.
- The Commerce Department will allow shipments of Nvidia H200 chips to China, but not Blackwell chips.
- Oppenheimer raised its 2026 S&P 500 target to 8,100 with a 26.5x forward P/E estimate.

**Companies:** Nvidia
**Countries:** United States, China

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/stock-market-news-review-spy-qqq-stumble-as-trump-readies-federal-job-cuts-and-ai-regulation-consolidation-1035627916)

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