QQQ and SPY stay flat over the weekend as Hormuz escalation, Tesla chips and Powell take focus

QQQ and SPY were unchanged during the weekend closure, so neither ETF led. The main news context came from plans to keep the Strait of Hormuz open, the rejection of an Iran ceasefire offer and a U.S. security warning in Iraq. Tesla's Terafab AI-chip launch plan and Powell's possible stay on the Federal Reserve Board through January 2028 added technology and central-bank governance context.