Basic materials stocks jump to start 2026 — XLB rises as copper steadies and miners climb
NEW YORK, Jan 3, 2026, 1:42 PM ET — Market closed U.S. basic materials stocks ended the first session of 2026 higher, lifting the Materials Select Sector SPDR Fund (XLB) — an exchange-traded fund that tracks a basket of large U.S. materials companies — 1.7% to $46.12 at Friday’s close. MarketWatch The basic materials group spans miners, chemical makers and building-material producers, leaving it especially sensitive to swings in metals prices and shifts in the economic outlook. With markets reopening after the holiday lull, investors are using early-January trading to recalibrate exposure to cyclical sectors tied to growth. Yahoo Finance