Materials and Services sectors lagging in trading, with some individual stocks seeing significant losses

From Nasdaq: 2025-02-05 14:36:42

Materials stocks are the worst performing sector in afternoon trading, with a 0.8% loss. FMC Corp. (FMC) and Bunge Global SA (BG) are lagging, down 31.8% and 5.5% respectively. The Materials Select Sector SPDR ETF (XLB) is up 0.2% on the day and 6.19% year-to-date, while FMC is down 22.99% and Bunge Global SA is down 8.87% year-to-date.

The Services sector is the next worst performer, showing a 0.4% loss. Match Group Inc (MTCH) and Alphabet Inc (GOOGL) are down 7.4% each. The iShares U.S. Consumer Services ETF (IYC) is down 0.5% and up 4.70% year-to-date. Match Group is up 3.85% and Alphabet Inc is up 0.97% year-to-date.

S&P 500 components in various sectors are mixed in afternoon trading, with seven sectors up and two down. Utilities lead with +1.5%, while Materials trail at -0.8%. Check out the top ETFs with stocks insiders are buying for potential insights.



Read more at Nasdaq: Wednesday Sector Laggards: Materials, Services