Basic materials stocks jump to start 2026 — XLB rises as copper steadies and miners climb
U.S. basic materials stocks rose on the first trading day of 2026, with the Materials Select Sector SPDR Fund (XLB) up 1.7% to $46.12. Freeport-McMoRan gained 2.25%, Dow Inc climbed 3.81%, and copper futures settled 0.18% higher at $5.64 a pound. The S&P 500 added 0.19%. Investors are watching next week’s labor data and Fed rate cut signals.