James Gruber

That was before Iran reversed that decision over the weekend.

Among the S&P 500's 11 major industry sectors, energy was the biggest loser, ending down 2.9%, with ExxonMobil down 3.6% and Chevron 2.2%.

The biggest gainer was consumer discretionary, which finished up just under 2%, with cruise operators leading its advances.

Royal Caribbean jumped 7.3%, while Carnival rose 7%.

Industrials were the second strongest sector, finishing up 1.8%, with Airline United Airlines up 7%, leading its percentage gains.

The S&P's biggest drag was from Netflix, which tumbled nearly 10%.

after forecasting current quarter earnings below expectations and announcing the exit of co-founder and longtime chairman Reed Hastings.

Alcoa shares ended down almost 7% after the aluminium producer reported first quarter profit and revenue below analyst estimates, citing elevated costs and softening demand.

U.S.

government bond yields tumbled on Friday as optimism grew that the Iran war may be nearing resolution, easing concerns about a renewed bout of inflation.

The U.S.

10-year Treasury yield was six points lower to 4.25%, while the U.S.

two-year Treasury yield fell eight points to 3.70%.

Gil, here's a stat for you.

The NASDAQ 100 index is up 13 days in a row, its longest winning streak since 2013.

Previous long win streaks saw mixed returns in the near term, but going out a year were never lower over the past 40 years.

In fact, the average return has been 19% over the following 12 months.

So there's something for the optimists out there.

We've got an update on ceasefires and peace talks as the Middle East war rolls on.

But the Aussie market is set to open down.