SPY holds near flat while QQQ slips 0.34% amid Iran and AI headlines

By 4:00 a.m. ET, QQQ was down 0.34% and SPY was nearly flat, leaving QQQ behind by 0.30 percentage points. Both indexes rose before the open, fell to afternoon lows and then recovered part of the decline. Iran and oil-policy headlines framed intraday risk, while later AI news included Nvidia's Vera rollout, Meta workforce changes and a $5 billion Blackstone-Google TPU venture.