🔴 XLC is trading 1.53% down amid broader market weakness

XLC is trading 1.53% down at $111.23, moving with broader market weakness.

• The S&P 500, Nasdaq Composite, and Dow Jones are also lower. Rising oil prices and Treasury yields are weighing on sentiment amid U.S.-Iran tensions and concerns that rates will stay higher for longer.
• Reuters reports global stocks fell as oil jumped and investors prepared for prolonged higher rates.
• No clear XLC-specific catalyst was identified. The Senate cybersecurity bill is telecom-sector news, but reporting does not establish it as the cause of XLC’s decline.