🔴 Tech ETF (XLK) is trading 1.73% down today as oil and Treasury yields pressure tech stocks

XLK is trading at $192.88, down 1.73%, as rising oil and Treasury yields pressure technology stocks.

• Rejection of Iran’s proposal sent oil higher, reviving geopolitical and inflation concerns.
• Treasury yields rose above 5.23%, while Nasdaq futures fell 1%; broader weakness points to a macro driver rather than a tech-specific event.
• OpenAI’s training pause is a technology headline, but evidence does not establish it as the cause of XLK’s move.