The key highlights from yesterday’s market action show a **significant dip** in the technology sector, with the Nasdaq Composite closing **1.5% lower**. This decline was largely driven by a disappointing earnings report from a major chip manufacturer, whose stock plummeted by **7.8%**, dragging down the entire semiconductor index. The S\&P 500 also finished the day in the red, down **0.8%**. Defensive sectors provided some support, with Utilities and Consumer Staples recording modest gains of **0.2%** and **0.1%**, respectively. The Energy sector was a notable outperformer, climbing **1.3%** as WTI crude futures rose to nearly **$85 per barrel** due to ongoing geopolitical tensions. The **US Dollar Index (DXY)** strengthened by **0.4%** following hawkish comments from a Federal Reserve official, who hinted at the possibility of a faster pace of interest rate hikes. This caused the yield on the **10-year Treasury note** to rise by **5 basis points**, settling at **4.25%**. European markets tracked US losses, with the Stoxx 600 falling **0.7%**. Asian markets had a mixed session overnight, though early trading suggests a weaker open across the region today. Gold prices dipped slightly, down **0.3%**, trading just below the **$2,000 per ounce** level.