QQQ loses 0.49%, trailing SPY by 0.22 points on a mixed macro day

QQQ ended 0.49% lower and SPY fell 0.27%, leaving SPY ahead by 0.22 percentage points. Retail sales were mixed, while Michigan sentiment missed expectations and one-year inflation expectations rose. Semiconductor tariff comments and possible use of CHIPS Act funds for an Intel stake kept chip policy in focus.