QQQ recovers from a deeper early loss and edges SPY amid Fed minutes and TSMC revenue

At the final 04:00 ET reading, QQQ was down 0.14% and SPY 0.23% from the prior regular close, leaving QQQ ahead by 0.08 percentage point. Both opened lower, then recovered during regular trading, with QQQ making the stronger rebound. Fed minutes kept another rate increase this year in view, while New York Fed inflation expectations rose. Hormuz tanker reports and later Kpler traffic data sharpened the shipping context. Overnight, TSMC reported third-quarter revenue above market expectations.