🔴 XLK is trading 1.5% down today as geopolitical tensions and energy supply shocks trigger a market selloff

XLK is trading 1.5% down at $127.94 as escalating U.S.-Iran tensions and energy supply disruptions trigger a broad market selloff.

• Brent crude surged above $107/barrel following Tropical Cyclone Narelle's impact on Australian LNG facilities and concerns over a potential Strait of Hormuz closure.
• Rising fuel costs are weighing on growth-oriented technology shares as investors rotate capital toward the energy and value sectors despite modest gains in broader indices.