JUST THE FACTS

A week featuring more ups and downs in oil prices and treasury yields ended on a positive Friday. The major indices, led by the Dow's climb to a new record high, all rose for the day to close a winning week.

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.

Hot inflation sparked by the war has put Fed policymakers on edge. Minutes from the last rates meeting show a majority of officials now believe that a hike could be necessary if the war keeps raising prices.

As yields were spiking, a major sell-off in bonds tossed even more fuel on the fire. Mortgage investors, facing more risks as yields climbed, sold out for safety, which then gave yields even more room to run.

As Wall Street gains to new record highs, Main Street tumbles to new record lows. Fears over the war's impacts on inflation would drag May's final sentiment survey reading to its lowest level ever recorded.

The new week will be a day shorter with the holiday break, but it could get wild if the war ends. Here at home, an updated PCE inflation report is due out Thursday, along with the last batch of Q1 earnings.