QQQ rebounds from the CPI shock to gain 0.48% while SPY slips

QQQ opened 0.16% higher and finished up 0.48%, while SPY opened essentially flat and ended down 0.12%. QQQ led by 0.60 percentage points. Hotter CPI data coincided with a sharp premarket drop, while Blackwell demand, Fed regulation and Russia-Ukraine negotiation headlines framed the later recovery.