🔴 Industrials ETF (WARP) is trading 5.31% down as AI-spending concerns deepen tech selloff

WARP is trading at $17.82, down 5.31%, as communication-services weakness and AI-spending concerns weigh.

• Communication services remained pressured after Alphabet’s earnings miss, concerns about slowing Search growth and heavy AI investment; the sector fell almost 14% in October, with Alphabet and Meta among the main drags.
• Friday’s broader tech selloff deepened after Amazon and Intel results intensified concerns about AI spending and uncertain returns, weighing on risk sentiment.
• October 31, 2026, is Saturday; this reflects the supplied October 30 after-hours price context, not a Saturday trading session.