🔴 Industrials ETF (WARP) is trading 1.72% down today as communication-services weakness weighs

WARP is trading at $20.96, down 1.72%, primarily reflecting weakness in its 46.1% communication-services allocation.

• Communication services are down 1.01%, while telecommunications have fallen 2.00%; Alphabet is also lower, adding sector pressure.
• Elevated Treasury yields and caution ahead of flash PMI data, Federal Reserve remarks, and a five-year Treasury auction are weighing on rate-sensitive growth and telecom shares.
• The broader market is modestly lower. Trading is active during the September 23, 2026 session, with WARP near its premarket level.