XLC is trading at $107.28, down 1.55%, as of 12:48 p.m. EST on October 22, 2026, amid broad technology weakness and renewed worries about returns on heavy AI investment.
- Reuters reported those concerns pressured high-growth stocks.
- Meta is XLC’s largest holding at 22.92%, and the ETF also has substantial Alphabet exposure.
- Netflix ad-guidance news adds entertainment-sector context, but available reporting does not establish it as the direct cause of XLC’s move.