QQQ edges SPY as business data, Fed signals and Iran headlines shape a modest advance

QQQ opened 0.31% higher and ended up 0.28%, while SPY moved from a 0.17% higher open to a 0.14% gain. QQQ finished 0.14 percentage points ahead. Chicago PMI beat estimates. Fed officials highlighted persistent inflation and room to hold rates steady. Shifting U.S.-Iran and Hormuz reports supplied additional context.