🔴 Communications ETF (FCOM) is trading 1.75% down as Middle East tensions sour risk sentiment

FCOM is trading at $69.56, down 1.75%, as Middle East tensions and higher oil prices sour risk sentiment.

• Communication services weakness is part of a broader tech-led retreat; Nasdaq is down 1.71%.
• Netflix lowered its 2026 advertising revenue forecast to about $2.7 billion from $3 billion, while Meta shares faced scrutiny over AI spending.