XLC is trading at $109.94, down 2.20%, with no verified company-specific announcement or catalyst identified in available coverage. - Earlier reporting described communication-services funds as pressured amid technology selling, but did not establish the cause of this extended-hours move. - The broader backdrop includes hotter-than-expected September inflation and concerns about rates; supplied market context shows the Nasdaq down 2.98%. These factors may weigh on growth-sensitive holdings.