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NYSE:CS 4 January 2026

Why basic materials stocks are back in play after XLB’s New Year rally

Why basic materials stocks are back in play after XLB’s New Year rally

The Materials Select Sector SPDR ETF (XLB) rose 1.7% to $46.12 Friday, closing near its 52-week high as gold held around $4,300 an ounce. Capstone Copper reported a strike at its Mantoverde mine in Chile, with output expected at up to 30%. U.S. jobs and inflation data next week could influence rate-cut expectations. U.S. stocks ended mixed as Treasury yields and the dollar firmed.
4 January 2026
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Stock Market Today

  • Live Cattle and Feeder Cattle Futures Dip Amid JBS Plant Closure
    June 12, 2026, 3:53 PM EDT. Live cattle futures fell $1.00 to $1.70 by midday Friday, with no June deliveries Thursday and open interest rising by 2,405 contracts. Cash trade remains minimal; bids around $254. The Fed Cattle Exchange auction reported no sales or bids on 952 head. Feeder cattle futures also dropped $1.30 to $1.50, despite a $2.04 uptick in the CME Feeder Cattle Index to $370.10. JBS announced the closure of its Souderton, Pennsylvania slaughter plant, which processes nearly 2,000 head daily. USDA data showed cattle slaughter at 105,000 head Thursday, down from prior week and last year. Wholesale boxed beef prices declined, with Choice boxes down 10 cents to $393.11 and Select boxes up 73 cents to $373.98.

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Itaú Unibanco Shares Up After Capital Move, Inflation Figures in Focus

Itaú Unibanco Shares Up After Capital Move, Inflation Figures in Focus

12 June 2026
Itaú shares outperformed a weaker Brazilian market after issuing R$3 billion in perpetual subordinated financial bills to boost capital, lifting its Tier 1 ratio by 19 basis points; investors now await Brazil’s June 16–17 central-bank rate decision following hotter-than-expected May inflation, a key risk for loan growth and credit quality.
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