Wednesday Sector Laggards: Materials, Financial

In afternoon trading on Wednesday, Materials stocks are the worst performing sector, showing a 2.2% loss. Within the sector, Freeport-McMoran Copper & Gold (NYSE: FCX) and Allegheny Technologies (NYSE: ATI) are two of the day's laggards, showing a loss of 14.5% and 8.0%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (AMEX: XLB), which is down 2.2% on the day, and down 3.83% year-to-date. Freeport-McMoran Copper & Gold...