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PayPal Weakness Drags on Internet, Fintech ETFs

By: ETF Trends

February 02, 2022 at 16:16 PM EST

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...

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PayPal Weakness Drags on Internet, Fintech ETFs