Brent crude rose above $100 per barrel for the first time since May, while the US 10-year Treasury yield climbed to its highest level since January 2025. The combination has sharpened worries about inflation and the prospect of higher Federal Reserve rates, weighing on equities. Alphabet fell 7% in a single session and Tesla slid nearly 15% as investors reassessed risk amid the move in oil and bonds. The piece also flags the upcoming Fed meeting and the next round of major tech earnings as key near-term catalysts.