Financial data and analytics stocks tumbled Tuesday after S&P Global issued disappointing guidance for fiscal year 2026. Moody's Corporation shares fell 5%, FactSet Research dropped 2%, and MSCI Inc declined 2.7% in sympathy with S&P Global, which plunged as much as 13% after reporting quarterly results that missed analyst estimates.

The sector-wide selloff followed S&P Global's forecast of 2026 earnings per share of $19.40-$19.65, falling short of the $19.96 consensus estimate. The company also projected organic constant currency revenue growth of 6.0% to 8.0%, with reported revenue growth of 6.6% to 8.6%. Market participants expressed concern that challenges facing S&P Global could signal broader headwinds for the entire financial data and analytics industry.

Investors will be watching closely when Moody's reports its quarterly earnings next Wednesday to see if the company faces similar challenges or can differentiate itself from its struggling peer. The financial information services sector has generally benefited from increased demand for data and analytics in recent years, but today's market reaction suggests growing concerns about future growth prospects and valuation levels across the industry.