Markets closed in the red after geopolitical tensions between Iran and Israel swelled on Friday. Apple (AAPL) struggled in the Mag 7 after its Worldwide Developers Conference largely disappointed investors. Meta Platforms (META) continued its aggressive A.I. investments through its minority stake in Scale AI. Oracle (ORCL) closed as the week's SPX leader thanks to its strong showing in cloud revenue. J.D. Durkin takes investors through the biggest market stories of the week.