XLK is trading at $197.21 (-2.08%) as oil-driven inflation fears and higher Treasury yields pressured equities. - Middle East escalation lifted oil about 5%; a Fed official’s hawkish rate comments also weighed on growth-sensitive technology shares. - Chip stocks sold off: Samsung’s results missed lofty expectations, while positive TSMC sales failed to lift sentiment. - The broader market also fell, consistent with macro-driven pressure rather than an isolated XLK catalyst.