Francesca Fontana

US stocks gave up their gains for the week on Friday after President Trump posted on Truth Social that he may cancel a planned meeting with China's leader

and threatened a, quote, massive increase in tariffs on products from China.

We saw chip stocks take a tumble.

So did oil prices.

But do you know what was up?

Good old fear.

Wall Street's fear gauge, aka the SIBO market volatility index, was flying higher, with its percentage gain hitting double digits during Friday's session.

All in all, the three major indexes ended the week lower.

The S&P 500 fell 2.4%.

The Dow fell 2.7%.

And the Nasdaq fell 2.5%.

We just went over what went wrong, so to speak, in the stock market.

What went right?

Well, one sector that got some good news was airline stocks.

We're talking about Delta Airlines, which, did you know, is the biggest U.S.

carrier by market cap?

If you didn't, now you do.

And this week, investors were celebrating Delta's earnings and sales beat in its latest quarterly report, showing a recent recovery in travel demand.

The company said it expects that demand to continue to bounce back, and it's aiming for a record holiday season.

Now, remember, this sunny outlook is a pretty big departure, pardon the pun, from earlier this year, when geopolitical tensions and tariffs weighed down demand.