🔴 Industrials ETF (WARP) is trading 1.68% down today as 10-year Treasury yield reached roughly 5.01%

WARP is trading at $19.65, down 1.68%, as broad risk reduction pressures its communication-services and industrial exposure.

• The 10-year Treasury yield reached roughly 5.01%, while Brent crude remained above $105, intensifying inflation and rate-hike concerns.
• Communication services had recently outperformed, led by Alphabet, Meta Platforms, and Netflix, but higher yields and weaker major indexes are overwhelming that strength.