Stocks remain under the thrall of higher yields and higher oil. Here's what's ahead

Investors are likely to stay focused on two crosscurrents: higher oil prices and higher Treasury yields, with the next major catalyst set to be the start of third-quarter earnings. After a weak September jobs report, stocks rallied on Friday as yields retreated, and oil also pulled back following reports the European Union is considering releasing strategic fuel reserves. Still, a five-week global bond selloff and crude hovering near $100 a barrel have weighed on rate- and economy-sensitive areas. The Dow is set for a 1.4% weekly slide and the S&P 500 for a 0.3% decline, even as the Nasdaq hit fresh highs on Nvidia and semiconductors.