XAR is trading at $215.46, down 3.22%, as risk-off trading followed reports of tanker damage in the Strait of Hormuz, pushing oil higher and weighing on global equities.
- Technology-led declines and escalating geopolitical tensions were the clearest broader pressures; major U.S. indexes were lower.
- Lockheed Martin reported stronger-than-expected results and raised its outlook, so its earnings do not appear to explain the ETF’s decline.