XLK is trading at $193.30, down 1.52%, as hotter-than-forecast inflation lifted Treasury yields and rate-hike concerns, pressuring rate-sensitive technology shares. - September headline CPI rose 3.7% year over year, above the 3.6% forecast; core CPI reached 2.6%. - A semiconductor selloff tied to concerns about Chinese chip competition added sector-specific pressure; the Nasdaq was down 0.90% in the supplied market context.