WTI Crude Oil futures and 5% yields set tone for the week.

With Middle East tensions driving energy prices higher, traders will be closely monitoring WTI Crude Oil futures for any weekend headlines. Meanwhile, the U.S. 10-Year Treasury yield has dropped back to 5.06% from its recent multi-decade peak, signaling a potential shift as capital rotates out of the tech sector. Looking ahead to the corporate calendar, an intense earnings slate features 227 companies with market caps over $1 billion reporting, anchored by heavyweights Tesla and Meta Platforms. On the economic data front, the market will process Chinese GDP, global Manufacturing PMIs, and the highly anticipated U.S. Michigan Consumer Sentiment and Inflation Expectations reports.