Wall Street's rally came to a halt on Tuesday as the S&P 500 index fell 0.2% from its record high, primarily driven by a selloff in technology stocks. The Dow Jones Industrial Average managed to gain 56 points (0.1%), while the Nasdaq composite dropped 0.7%. The tech sector faced significant pressure, particularly chip companies like Intel, which plummeted 6.8% after a substantial year-to-date gain. Micron Technology and CoreWeave also saw declines of 3.6% and 6.1%, respectively. The market's downturn coincided with a 3.4% increase in oil prices, with Brent crude settling at $107.77 per barrel, largely due to escalating tensions in the Middle East affecting oil supply routes. This spike in oil prices contributed to heightened inflation concerns, as recent data indicated rising costs even when excluding volatile items like food and gasoline. Additionally, Treasury yields increased, suggesting that traders anticipate the Federal Reserve will maintain high interest rates to combat inflation.