🟢 Communications ETF (FCOM) is trading 2.4% up in after-hours trading

FCOM is trading at $70.95, up 2.40%, with no clear positive after-hours catalyst identified.

• Available market news points to pressure on communications and technology stocks, rather than explaining FCOM’s reported gain.
• Meta fell after-hours amid concerns about its higher AI spending outlook. Renewed Strait of Hormuz tensions pushed oil higher and weighed on broader risk sentiment, so the move remains unexplained.