QQQ slips more than SPY as Hormuz bottlenecks and UK inflation sustain oil-rate pressure

QQQ fell 0.55% and SPY fell 0.35%, so SPY led by 0.21 percentage point. Both recovered before the open, then weakened during regular trading and changed little after the close. Saudi export disruptions, oil-linked Treasury yields and the CBO's inflation estimate framed the session. Overnight data showing thin Hormuz traffic, firmer UK inflation and SK Hynix-Intel talks extended the energy and AI-chip backdrop.