On June 16, Flex Ltd declined 3.11% in regular trading, trading at $144.195/share, with turnover of $109 million.

On the news front, the Electronic Manufacturing Services sector came under broad selling pressure, with Fabrinet down 6.89%, Celestica down 4.63%, TTM Technologies down 2.05%, Jabil Circuit down 1.27%, and TE Connectivity down 0.75%. Flex had previously rallied significantly after S&P Dow Jones Indices announced it would be added to the S&P 500 Index effective before the open on June 22, replacing Pool Corp. The planned spin-off of its Cloud and Power Infrastructure (CPI) business into an independent publicly traded company, focused on AI data center power and thermal management technologies, provided additional support. With the inclusion date approaching, short-term profit-taking pressure persisted as investors locked in gains from the prior run-up, combining with sector-wide weakness to drive the pullback.

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