Tariff exemptions expand as shipping framework stalls and Gaza warning emerges

U.S. markets were closed for the weekend, leaving QQQ at Friday's 603.88 close and SPY at 664.32. The Trump administration was reported to be expanding tariff exemptions while using Section 232 for heavy trucks, pharmaceuticals and furniture ahead of a Supreme Court hearing. An IMO vote delayed its Net Zero Framework for shipping by one year after a U.S. sanctions threat. The United States also warned that Hamas could imminently breach the Gaza ceasefire and put civilians at risk.