🔴 Industrials ETF (WARP) is trading 5.1% down in after-hours trading amid pressure on communication-services stocks

WARP is trading at $17.00, down 5.11%, as its communication-services exposure faces pressure.

• WARP’s 44.2% communication-services exposure faces concerns over Meta’s AI spending and plans to raise as much as $95 billion in equity to fund expansion.
• Telecom shares have also faced competition concerns after reports that SpaceX is exploring a wireless carrier, weighing on the sector.
• Broader indexes rose during the regular session; the exact after-hours trigger for WARP is unconfirmed.