QQQ reverses a 3.40% opening drop to gain 1.46% through tariff whipsaws

QQQ gained 1.46% and SPY rose 0.84%, leaving QQQ ahead by 0.62 percentage points after both opened down more than 3%. A false tariff-pause headline and its correction, a renewed 50% China tariff threat, Fed inflation concerns, and corporate supply-chain adjustments framed the volatile recovery.