QQQ trails nearly flat SPY as payrolls miss forecasts and technology plans take focus

QQQ finished 1.51% below its prior close, while SPY was essentially flat, leaving SPY ahead by 1.50 percentage points. QQQ opened slightly higher and weakened most sharply during regular trading, then recovered modestly after hours. June payroll growth of 57,000 missed the 110,000 forecast, and Fed-policy remarks remained in view. Taiwan's chip-hub message and Microsoft's $2.5 billion enterprise AI deployment plan supplied technology context as QQQ lagged.