Producers of metals and other raw materials rallied, recouping some of their recent losses as investors toggled back into the sector from technology.
The Materials Select Sector SPDR exchange-traded fund, which tracks the materials industry group on the Standard & Poor's 500, remained lower on the week, as risk aversion spurred the value of the dollar and weighed on demand for the dollar-sensitive sector.
But the sector recouped roughly half its weekly losses in the day's rebound.
Gold futures ticked up after a prolonged slide.
One of the world's largest exporters of iron ore, Fortescue Metals Group, said quarterly iron-ore shipments were in line with the year-earlier period. Shares of other major miners, including BHP Group and Rio Tinto, were flat to higher.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-28-21 1645ET
