PayPal Weakness Drags on Internet, Fintech ETFs

by admin | 02/02/2022, 15:16

Internet and financial technology-related exchange traded funds retreated on Wednesday after PayPal (NasdaqGS: PYPL) plunged on a mixed fourth quarter and weak 2022 outlook. On Wednesday, the First Trust Dow Jones Internet Index Fund (FDN) dropped 2.1%, the ETFMG Prime Mobile Payments ETF (NYSEArca: IPAY) declined 3.2%, and the Global X FinTech ETF (NasdaqGM: FINX) decreased 4.3%. Meanwhile, […] Read more at ETFtrends.com.

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