Positive opens reverse into losses, with QQQ falling 1.16% as energy and rate risks stay in view

QQQ opened 0.84% higher but ended down 1.16%, while SPY moved from a 0.94% opening gain to a 0.55% loss and led by 0.61 percentage points. Iran and Hormuz policy, oil-supply coordination, Fed inflation commentary and overnight global data formed the main context.