QQQ closes 0.59% lower, with yields, AI spending and late earnings in focus

QQQ opened 0.65% lower and finished down 0.59%. SPY opened 0.19% lower and ended with a 0.21% decline, leaving SPY ahead by 0.37 percentage point. The U.S. 30-year Treasury yield remained above 5.00% for its longest stretch since 2007. Technology news included a 2-gigawatt AMD-Anthropic chip and investment agreement. After the close, Alphabet beat EPS and sales estimates, while Tesla missed the adjusted EPS estimate but beat the sales estimate. Energy and geopolitical context included a 2.010 million-barrel U.S. crude build against an expected 2.000 million-barrel draw and Trump's warning that the United States would respond with bombing if Iran attacked ships in the Strait of Hormuz.