Producers of metals and other raw materials fell sharply amid trepidation about the pace of global economic growth.
All signs point to a "terrible" January jobs report, said Brad McMillan, chief investment officer for financial advisory Commonwealth Financial Network, in a note to clients.
"While the damage would be real, it would be a medical issue, a short-term consequence of the Omicron wave, rather than a sign of economic weakness," said Mr. McMillan. "As the medical situation changes, so will the employment impact."
Industrial-metals mining and trading giant Glencore reiterated its growth projections for 2022, and said that its operations in 2021 performed in line with expectations.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-03-22 1650ET
