U.S. equities are closed Saturday as a Hormuz tanker report and OPEC+ plan emerge

QQQ and SPY had no Saturday session, and the chart carries Friday’s close. A tanker damage report and Iran’s reopening conditions kept Hormuz in focus, while OPEC+ delegates signaled unchanged November output. The White House formed an AI risk task force, and Amazon pledged more than $1 billion for data-center communities.

Published Oct 4, 2026

QQQ: 0.00%
SPY: 0.00%
QQQ − SPY: 0.00%

What shaped the session

Hormuz access and shipping

An Iranian speaker said the strait would remain closed until Iran’s conditions are met, and a tanker later reported engine-room damage after an unidentified object struck it in the strait.

Regional energy and oil supply

The Saudi-led coalition disputed a Houthi claim about a Riyadh oil-site strike. OPEC+ delegates separately said November production targets would remain unchanged under an agreement in principle.

AI oversight and data centers

A new White House task force will assess AI risks and federal responsibilities, while Amazon pledged more than $1 billion for communities hosting its data centers.

Key news

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←Oct 2:Payroll miss leaves QQQ ahead of SPY as Iran warnings extend overnight risk·View all October 2026 QQQ/SPY reviews·Oct 6:SPY takes the lead as QQQ's early edge fades, with trade data and Hormuz shipping risk in view→