With U.S. trading paused Sunday, reports point to Hormuz missile fire and chip expansion

U.S. markets were closed Sunday, so QQQ and SPY retain Friday’s close as a flat reference. An attributed report said a missile was fired at a ship in the Strait of Hormuz, while Trump anticipated further Iran talks and considered a U.S. diesel export ban. Bessent urged the Fed to keep an open mind on rates, and reports of TSMC 2nm expansion and possible Nvidia chip sales in China added technology supply context.