US equities closed lower Friday, capping a volatile week that left the S&P 500 with its second consecutive weekly decline. After a flurry of geopolitical headlines, investors pivoted back to corporate earnings and monetary policy expectations, setting a cautious tone for the market.

The sell-off reflects a broader recalibration among traders. With geopolitical tensions easing, focus returns to the Federal Reserve's interest rate path and the health of corporate profits. The market's recent swings highlight the delicate balance between macroeconomic fears and company-specific fundamentals.

All eyes now turn to upcoming earnings reports and central bank commentary. Intel's sharp drop, driven by its disappointing results, serves as a stark reminder of how individual stock performance can sway broader sentiment. Investors will parse data for clues on the economy's trajectory and sector resilience.