Tuesday’s ETF Movers: XLC, MCHI

Market Analysis

In trading on Tuesday, the The Communication Services Select Sector SPDR Fund ETF is outperforming other ETFs, up about 1.6% on the day. A Component of that ETF showing particular strength includes shares of Alphabet up about 4.9% on the day.

And underperforming other ETFs today is the iShares MSCI China ETF, down about 4.4% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Kanzhun, lower by about 8.6%, and shares of Legend Biotech, lower by about 8.1% on the day.

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