Record-breaking week | Oil refinery explosion | U.S.-Iran tensions boiling over?

This week was full of Wall Street milestones as the combination of a dovish Federal Reserve and tensions in the Middle East sent shockwaves across financial markets.

VIEW IN BROWSER | SUBSCRIBE FRI, JUN 21, 2019 EVENING BRIEF AS OF FRI, JUN 21, 2019 • 04:00 ET DJIA 26722.18 -0.12% -30.99 S&P 500 2950.65 -0.12% -3.53 NASDAQ 8031.71 -0.24% -19.63   Most Active DOW NAME LAST CHG %CHG CSCO 57.03 -0.38 -0.66% AAPL 198.78 -0.68 -0.34% MSFT 136.97 +0.02 +0.01% S&P 500 NAME LAST CHG %CHG AMD 29.10 -0.91 -3.03% CSCO 57.03 -0.38 -0.66% GE 10.49 -0.14 -1.32% NASDAQ NAME LAST CHG %CHG AMD 29.10 -0.91 -3.03% CSCO 57.03 -0.38 -0.66% SIRI 5.60 -0.14 -2.44% EDITOR'S NOTE This week was full of Wall Street milestones as the combination of a dovish Federal Reserve and tensions in the Middle East sent shock waves across financial markets.   CNBC's Fred Imbert looked at the laundry list of gains: the S&P 500 notched a new all-time high Friday, helped by the energy and tech sectors. Gold broke above $1,400 per ounce for the first time since 2013 with its best weekly gain in three years. Treasury prices went through the roof this week, depressing yields, with the benchmark 10-year yield breaking below the key psychological 2% mark for the first time since November 2016. The U.S. dollar saw its biggest weekly drop since 2018. Oil was also a winner. West Texas Intermediate futures saw their biggest weekly gain since December 2016 with a 9% rally.  As of Friday, the S&P 500 was on track for its best first half in 22 years, CNBC's Patti Domm reports in her week-ahead preview. Heading into next week, all eyes are on the fate of U.S.-China trade talks that could set the tone for markets and the economy in the back half of the year.   The highly anticipated G-20 meeting in Osaka, Japan, kicks off next Friday. President Donald Trump and Chinese President Xi Jinping are expected to have their own dinner meeting at the summit, following discussions between their trade representatives. That meeting could decide how trade negotiations go forward, and whether the U.S. proceeds with another round of tariffs, this time on $300 billion in goods.   Besides the Trump-Xi meeting, the market focus will be on anything that could provide clues as to what the Fed or even the European Central Bank will do, after ECB President Mario Draghi last week essentially promised a new era of easing. Consumer price inflation data is expected for the euro zone, and on Friday, U.S. personal consumption expenditure data is scheduled to be released, including the PCE deflator, a major inflation indicator for the Fed, Domm reports.    Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Stocks hit record highs as Wall Street wraps up big week of gains Trump approves military strikes on Iran — then quickly pulls back Chip stocks fall after Commerce Dept bars 5 more Chinese firms from buying US parts Giant explosion rocks largest refinery complex on the East Coast, sends gasoline prices higher A Fed president explained why he was the lone member who wanted an 'insurance' cut this week Hedge fund manager Kyle Bass says the US has more leverage over China than ever before West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017 If Facebook and Google don't fix their problems, advertising execs say they could go somewhere else Refinery explosion and fire should drive up gasoline prices in some locations Global airlines are avoiding parts of Iran-controlled airspace   CNBC PRO RBC's lead tech analyst Mark Mahaney says Amazon has a lot more room to run     TOP VIDEO Watch CNBC's full interview with Shake Shack's CEO Randy Garutti   SPECIAL REPORTS This could be 'the next shoe to drop' with stocks at all-time highs This under-the-radar indicator could mean Netflix shares are about to plummet   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS