Investing.com -- Moody’s Corporation (NYSE: MCO) stock fell 5%, FactSet Research (NYSE: FDS) dropped 2%, and MSCI Inc (NYSE: MSCI) declined 2.7% Tuesday as investors reacted to disappointing guidance from industry peer S&P Global.

The financial data and analytics companies all moved lower in sympathy with S&P Global (NYSE: SPGI), which tumbled as much as 13% after reporting quarterly results and forward-looking guidance that missed analyst estimates. The negative sentiment spread across the sector, hitting other major financial information providers.

S&P Global’s forecast for fiscal year 2026 earnings per share of $19.40-$19.65 fell short of the $19.96 consensus estimate. The company also projected organic constant currency revenue growth of 6.0% to 8.0% and reported revenue growth of 6.6% to 8.6%.

Market participants appeared concerned that the challenges facing S&P Global could signal broader headwinds for the entire financial data and analytics industry, prompting the selloff in related stocks.

Moody’s, which provides credit ratings, research, and risk analysis services, is scheduled to report its own quarterly earnings next Wednesday. Investors will be watching closely to see if Moody’s results reflect similar challenges or if the company 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.