So Friday's market was rough across the board - shares took a beating as investors got spooked by a few different things hitting at once. The S&P 500 dropped 0.43%, Dow fell 1.05%, and the Nasdaq slipped 0.30%. Bank shares were getting crushed especially, down hard after that UK private lender collapsed, which had everyone worried about rising defaults in the sector. American Express and Goldman Sachs were among the biggest losers.

Tech wasn't helping either - software and cybersecurity shares slumped, with Nvidia down over 4% and Zscaler diving 12% despite beating earnings. Then the January PPI report came in hotter than expected, basically killing any hope of near-term rate cuts from the Fed, which didn't help sentiment.

But here's where it got interesting: the market recovered from its worst levels when the Chicago PMI and construction spending both came in stronger than expected. That's when Dell shares absolutely took off, surging 21% on strong AI server forecasts. Netflix also popped 13% after bowing out of the Warner Bros bidding war. Airlines got hammered though - crude oil jumped to a 7-month high on Trump's tough talk with Iran, which means higher jet fuel costs ahead.

The 10-year yield fell to 3.96%, hitting a 4-month low as investors rotated into safer assets. Overall, shares were bouncing between risk-off and risk-on all day, but the week's losses added up. Geopolitical tensions and earnings misses kept the pressure on.