Opening gains fade as tariff and rate signals leave QQQ down 0.06%, behind SPY

QQQ opened 0.24% above the prior close, lost 0.23 percentage points during regular trading and recovered 0.03 points after hours to end down 0.06%. SPY opened 0.20% higher and ended down 0.02%, finishing 0.04 points ahead of QQQ. July consumer sentiment reached 61.8 versus 61.5 expected as inflation expectations eased, while proposed 15%-20% tariffs on EU goods and Fed comments kept the inflation and rate path in focus. Nvidia H20 export policy and the signing of the GENIUS Act added technology and digital-asset policy context.