Shares in the materials sector fell along with a pullback in gold prices on increased market expectations that the Federal Reserve would raise interest rates this year.

Shares in the materials sector fell amid a broad decline in U.S. stocks fueled by the Fed's decision to hold rates while officials pencilled in a hike this year.

Shares in the materials sector fell along with a pullback in gold prices on increased market expectations that the Federal Reserve would raise interest rates this year.