Basic Materials Stocks head into Monday near a 52-week high as metals jump again

U.S. basic materials stocks wrapped up Friday on an upbeat note, as the Materials Select Sector SPDR ETF — which tracks a mix of sector shares — climbed 0.91% to $49.97. That put the fund just shy of its 52-week peak at $49.99, closing roughly 2.6% higher than the previous Friday’s finish.

BHP stock rises as it stays out of the Rio-Glencore chase — what investors watch next

BHP stock rises as it stays out of the Rio-Glencore chase — what investors watch next

BHP Group’s U.S.-listed shares climbed 1.7% to $62.80 on Monday as investors digested reports that the miner isn’t planning a rival bid for Glencore. Instead, BHP appears set to wait on Rio Tinto’s takeover discussions, according to two sources familiar with the situation. Those sources also said BHP doesn’t see Glencore’s coal and trading units as a good strategic fit. BHP declined to comment.

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