First Trust Cloud Computing ETF Shines While Vanguard Communication Services ETF Struggles

Strong Gains for Snowflake and Mongodb Boost Cloud Computing ETF

Vanguard Communication Services ETF Faces Declines, Led by Warner Music and Alphabet

On Thursday, the First Trust Cloud Computing ETF stood out in the market, rising around 2.7%. Two notable contributors to this gain were Snowflake, which surged by approximately 32.1%, and Mongodb, climbing about 16.1% during the trading session.

In contrast, the Vanguard Communication Services ETF had a tough day, falling roughly 1.2% in afternoon trading. Within this ETF, Warner Music Group experienced a significant drop, decreasing by approximately 9.9%, while Alphabet saw a decline of about 6.5%.

VIDEO: Thursday’s ETF Movers: SKYY, VOX

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