QQQ rises 1.08% with services data, rate signals and Broadcom in focus

QQQ ended 1.08% above the previous close and SPY gained 0.89%, with QQQ ahead by 0.19 percentage points. Initial claims and ADP employment pointed to softer labor conditions, while the ISM non-manufacturing PMI exceeded expectations. Williams discussed gradual rate cuts, Broadcom reported stronger quarterly revenue and a major AI-chip order, and U.S.-Japan trade policy remained in view. The measured 15-minute moves after the selected daytime releases were generally limited.