U.S. stocks set for lower open as Brent tops $105 and 10-year yield holds near 5.32%

Brent's jump above $105 alongside 10-year U.S. Treasury yields near 5.32% tightens financial conditions and revives inflation fears, weighing on global risk assets. U.S. equity futures point lower, led by megacap and chip weakness, as higher discount rates pressure growth valuations. Reports of large tech financing needs add a capital-competition overhang into earnings season, amplifying sensitivity to rates and energy costs.