Trade progress frames a broad advance, with QQQ outpacing SPY

QQQ finished 0.62% above its previous close and SPY gained 0.50%, leaving QQQ ahead by 0.11 percentage points. Both opened little changed before advancing during the regular session, when QQQ added 0.49 percentage points and SPY added 0.40 percentage points. U.S.-China trade talks concluded in London, and China later said the two sides had reached a framework agreement in principle. Technology news included Taiwan Semiconductor's 39.6% May revenue growth, Micron shipping HBM4 samples, and a reported OpenAI cloud agreement with Google. A statement about a harder Iranian position in nuclear negotiations added geopolitical context during the session.