Oil at 100 Sparks Cautious Market Rotations Ahead of Earnings

U.S. equities fell last week as war risk and oil topping $100 weighed on sentiment; the S&P 500 slipped about 1.7%, the Nasdaq 100 dropped over 2%, and the Dow in the same ballpark. Oil surged past $100 amid Iran tensions while the 10-year yield rose to roughly 4.42% and mortgage rates hovered near 6.43%. Energy names APA, HAL and XOM led gains, defensives like CPB, MO and KHC held up, but tech/AI stocks such as PANW, CRWD and OKTA tumbled on AI-threat concerns; crypto softened. META and GOOG faced legal setbacks; TotalEnergies exited offshore wind and Disney paused a $1B AI deal. The Week Ahead centers on the Middle East and oil direction, with continued sector rotation and potential inflation risks, plus a light earnings calendar featuring BACHY, CSUAY, BHKLY, NKE, MKC, SNX and other ex-dividends.