QQQ falls 0.76% and narrowly leads SPY as Treasury messages and maritime disruptions accumulate

By 04:00 ET, QQQ was down 0.76% and SPY was down 0.80%, leaving QQQ ahead by 0.05 percentage points after both opened lower and losses deepened. Available overnight prices were unchanged after 20:00 ET. Weekly jobless claims were 206,000 versus a 210,000 forecast. Treasury Secretary Bessent said markets had moved somewhat ahead of themselves and outlined coordination with the Fed on balance-sheet changes. Meta’s Azure spending and Broadcom’s reported AI financing kept infrastructure demand in view. An oil tanker seizure and a fall in Strait of Hormuz cargo transits to 7 from 14 extended the maritime-security focus.