Markets stay closed while AI policy, chip plans and geopolitical risk shape the news window

U.S. markets were closed for the weekend, so QQQ held its June 5 close of 705.26 and SPY held 737.42 throughout the window, with neither ETF leading. The news backdrop included the planned departure of White House AI policy adviser Sriram Krishnan, Broadcom's timetable for mass production of a custom OpenAI chip, a proposal involving frozen Iranian assets, OpenAI's planned ChatGPT overhaul, and an IATA warning about airline fuel costs.