🔴 Miscellaneous Sector ETF (MARS) is trading 5% down in after-hours trading amid communication-services weakness

MARS is trading at $22.00, down 4.97%, with communication-services weakness a plausible but unconfirmed headwind.

• Communication services lagged on October 21: Netflix was pressured by a weaker fourth-quarter outlook, while AT&T fell despite an earnings beat.
• Netflix’s post-close outlook added to concern about slowing growth. Meta earnings were a watched catalyst, but available results do not establish them as the cause of MARS’s drop.
• MARS’s disclosed major SpaceX holding had been a positive catalyst.