🔴 Industrials ETF (WARP) is trading 2.1% down in after-hours trading amid communication-services pressure

WARP is trading at $20.34, down -2.09% as communication-services exposure appears to pressure the fund.

• Charter Communications faced a downgrade tied to Cox-integration concerns, while Comcast weakened after a BofA price-target reduction citing broadband pressure.
• The decline comes despite a broad September 17, 2026 risk-on rally following the Federal Reserve’s rate hike, suggesting after-hours profit-taking and sector-specific weakness rather than a market-wide reversal.
• WARP’s 44.9% communication-services weighting magnifies that effect.