🔴 WARP ETF (WARP) is trading 1.65% down today amid communication-services weakness

WARP is trading at $18.34, down 1.65%, with communication-services softness a plausible contributor.

• Pressure across telecom, streaming and major internet names has persisted even when broader equities advanced. SpaceX wireless-competition concerns and worries about Meta’s AI spending have weighed on sector sentiment.
• Markets are cautiously positioned ahead of the Federal Reserve decision, with inflation guidance in focus. Communication services make up 44.2% of WARP’s stated mix, but the evidence does not establish sector softness as the sole cause.