🔴 Industrials ETF (WARP) is trading 3.3% down as space-related holdings broadly weaken

WARP is trading at $18.82 with a -3.32% change, as listed space-related holdings were broadly lower.

• Communication services stocks were reportedly higher on October 13, so sector weakness does not explain WARP’s drop.
• Listed space-related holdings were broadly lower, including Rocket Lab, Viasat, AST SpaceMobile, EchoStar and SpaceX, which was lower in the holdings snapshot.
• SpaceX’s spectrum purchase could intensify wireless-carrier competition; this remains background pressure, not proof of the day’s specific trigger.