Mixed jobs and tariff-inflation signals leave QQQ up 0.16% and SPY flat

QQQ opened 0.11% higher and finished up 0.16%, while SPY opened 0.04% lower and ended essentially flat. Fed Governor Christopher Waller said rates could be cut later in the year if tariffs settle. Initial jobless claims came in at 227K versus 230K estimated, and May composite PMI rose to 52.1 from 50.6. A separate report said tariff-fueled inflation accelerated at the fastest pace in three years. Policy and technology headlines included House passage of Trump's tax bill and Anthropic's Claude Opus 4 and Sonnet 4 launch.