JUST THE FACTS

War uncertainty and new CPI data pared back gains Friday, but it wouldn't upend the week. Despite ongoing tensions, the initial ceasefire did enough to push all of the major indices to another weekly win.

New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the very latest news on the conflict, and the impacts, updates can be found here.

As expected, the surge in oil prices made for an ugly read on inflation in the March consumer price index. Overall CPI would hit 3.3% on a yearly basis as the jump in gas prices was the largest ever recorded.

The March CPI report goes hand-in-hand with the findings in the latest sentiment survey. Consumer concerns over the war soared across every demographic group, while sentiment sank to an all-time low. 

In the lead-up to the war with Iran, price hikes remained at an elevated pace. The delayed February personal consumption expenditures report shows inflation was holding firm before the conflict erupted.

The new week's focus will remain on the latest developments from the war in the Middle East. Here at home, impacts from the war on producer prices and earnings for big banks will also receive attention.