Fed-day selling leaves both ETFs lower before overnight strikes sharpen the energy-risk backdrop

At the 04:00 ET cutoff, QQQ fell 1.39% and SPY fell 1.14%, leaving SPY ahead by 0.25 percentage point. Most of the decline came in the regular session, while QQQ recovered 0.70 percentage point and SPY 0.40 after hours. The Fed held rates steady with three hike dissents, and its 2% inflation message kept policy in focus. Meta and Microsoft results led the technology-heavy after-hours cluster. Overnight, U.S. Central Command confirmed completed strikes on Iran, while QatarEnergy's U.S. LNG purchases showed a response to Hormuz disruption. The overnight chart segment contains carried prices, so it does not provide an observed ETF response to those updates.