Softer U.S. readings accompany QQQ's 0.70% decline

QQQ opened 0.05% below its previous close and finished down 0.70%. SPY opened 0.12% lower and ended down 0.37%, leaving QQQ behind by 0.33 percentage point. U.S. services activity and consumer sentiment came in below forecasts, while manufacturing PMI and existing-home sales exceeded estimates. Meta's $60-65 billion capital-spending plan kept AI infrastructure in focus alongside policy changes at the SEC and Energy Department.