🔴 Industrials ETF (WARP) is trading 3.1% down in pre-market as global equities weaken

WARP is trading 3.1% down in pre-market as broad risk-off conditions weigh on global equities.

• S&P 500, Nasdaq, and Dow futures are lower; Asian equities weakened after Alibaba’s discounted $10.2 billion share sale and Samsung’s disappointing shareholder-return plan.
• Technology and AI-spending concerns add pressure through WARP’s 9.7% information-technology and 21.3% communications exposure.
• No major U.S. economic release is scheduled for August 24, 2026; the move appears market- and sector-driven rather than company-specific.