US stocks weekly: Tense

S&P 500 .SPX snaps two-week winning streak, finishes down 0.4% as geopolitics weigh .N

Dow .DJI declines 1.3%, while Nasdaq Composite .IXIC dips 0.6%

Indexes come within striking distance of record highs

However, even with a running start, Nasdaq Composite's hurdles loom large

U.S. 10-Year Treasury yield US10YT=RR snaps back Fri, but at around 4.41%, still down for the week US/

Most sectors anxious: Financials and Industrials cower most, while Energy a standout

Financials .SPSY fade 2.6%. Visa V.N and Mastercard MA.N flop after WSJ report retailers exploring their own stablecoins as payment mode

For the week, S&P 500 banks index .SPXBK down 2%, KBW regional banking index .KRX off 3%

Industrials .SPLRCI down 1.6%. Boeing BA.N descends after Air India crash revives safety worries

In contrast, defense firms including Lockheed Martin LMT.N and Northrop Grumman NOC.N rise on Israel-Iran conflict

Consumer Staples .SPLRCS slip 1.1%. J.M. Smucker SJM.N slumps after dour annual earnings forecast

Communication Services .SPLRCL retreat 0.8%. But Warner Bros Discovery WBD.O rises as co to split its studios and streaming business from fading cable TV networks

And Alphabet GOOGL.O up after report OpenAI, though backed by Microsoft MSFT.O, to add Google's cloud service

Tech .SPLRCT ticks down 0.1%. Wall Street says Apple's AAPL.O developer conference was short of a spark - even with a shiny new look, as its AI features remain 'evolutionary not revolutionary'. AAPL loses nearly 4% on the week

Oracle ORCL.N soars after annual forecast raise on robust cloud services demand

Chip stocks rally as US, China negotiate on trade

Semiconductor index .SOX up 1.5%

Consumer Discretionary .SPLRCD edges down 0.1%. Tesla TSLA.O advances; CEO Musk regrets some posts he made about President Trump, announces robotaxi dates. TSLA registers 10% weekly gain

Though cruise operators sink amid selloff in travel stocks following Israel's attack on Iran

Energy .SPNY leaps 5.7%. Group gains on US-China talks, Saudi supply slip, then oil firms surge as Israel-Iran conflict sends crude prices soaring O/R. Crude oil futures run up, but so far repulsed by resistance

Meanwhile, individual investors seem to think discretion is the better part of valor

SPX performance YTD: