Saturday market closure leaves QQQ and SPY at Friday's close amid Hormuz and Russia-policy reports

U.S. equities did not trade Saturday, so QQQ and SPY retained Friday's closes. UK maritime notices described two tanker attacks near Saudi Arabia. U.S. military accounts said Hormuz remained open, while 138 merchant ships had been diverted under blockade measures. A Russia-related tariff waiver was followed by a report that a separate sanctions waiver could remain undecided for up to 60 days. Disney also outlined a $60 million annual Character.AI staffing plan.