XLK is trading at $187.50 (-1.54%) in pre-market after hotter-than-forecast September inflation reignited rate-hike concerns and pressured growth stocks. - September CPI, released October 14, showed 3.7% annual inflation, above the 3.6% forecast. - Technology and chip shares led Wall Street lower; the selloff spread across Asian markets, while Nasdaq futures were also lower overnight. - Investors are watching October 15 PPI and retail sales data for further signals on inflation and rates.