Why basic materials stocks are back in play after XLB’s New Year rally
NEW YORK, Jan 4, 2026, 13:56 ET — Market closed The Materials Select Sector SPDR ETF (XLB), a widely watched proxy for U.S. basic materials stocks, rose 0.77, or 1.7%, to $46.12 in the first session of 2026, ending within 31 cents of its 52-week high. Investing That early bid matters because materials are one of the market’s cleanest reads…