Today: 29 April 2026
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NYSE:VMC 1 January 2026 - 7 February 2026

Basic materials stocks jump to start 2026 — XLB rises as copper steadies and miners climb

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.
Basic materials stocks today: XLB ends 2025 lower as silver slumps, China PMI surprise in focus

Basic materials stocks today: XLB ends 2025 lower as silver slumps, China PMI surprise in focus

Spot silver fell 7.1% and spot gold dropped 0.78% Wednesday as U.S. basic materials ETFs XLB and IYM lost 0.83% and 0.98%. Freeport-McMoRan slid 1.21%, Newmont 1.97%. China’s official PMI rose to 50.1 in December, signaling expansion for the first time in eight months. U.S. markets are closed Thursday for New Year’s Day.

Stock Market Today

  • JEPQ ETF Sees $296 Million Inflow Driven by STX, ADI Performance
    April 29, 2026, 11:12 AM EDT. The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) recorded an estimated $296.1 million inflow, marking a 0.8% increase in units outstanding week over week. Key components influencing JEPQ include Seagate Technology Holdings (STX), which surged 13.9%, and Analog Devices Inc (ADI), up 2.9%, while PepsiCo Inc (PEP) slipped 1.4%. JEPQ shares last traded at $59.02, near their 52-week high of $60.14, above the $50.47 52-week low. ETF unit creations reflect increased demand, prompting underlying stock purchases, impacting constituent equities. Tracking such flows provides insight into market sentiment and sector momentum within ETFs.

Latest article

Alphabet Earnings Today: The $185 Billion AI Question Hanging Over Google’s Stock

Alphabet Earnings Today: The $185 Billion AI Question Hanging Over Google’s Stock

29 April 2026
Alphabet will report first-quarter results after U.S. markets close Wednesday, with an earnings call set for 4:30 p.m. EDT. Shares traded near record highs Tuesday, with GOOG at $351.86 and GOOGL at $354.05. Analysts expect revenue of about $107 billion, up 19%, but see earnings per share falling to $2.63 due to a prior-year investment gain. Investors are focused on Gemini AI and cloud growth amid a planned $175–185 billion capex for 2026.
Vertiv Just Bought A Liquid-Cooling Specialist As AI Data Centers Turn Up The Heat

Vertiv Just Bought A Liquid-Cooling Specialist As AI Data Centers Turn Up The Heat

29 April 2026
Vertiv Holdings Co acquired Strategic Thermal Labs, a Texas-based liquid-cooling specialist, to boost its AI and high-performance computing data center offerings. Vertiv shares rose 0.6% to $307.00, valuing the company at about $119.9 billion. Deal terms were not disclosed. The move follows a 30% jump in Vertiv’s first-quarter net sales and an increased 2026 earnings forecast.
NIO Stock Jumps After Onvo L80 Debut: New SUV Puts China EV Maker Back in the Fight

NIO Stock Jumps After Onvo L80 Debut: New SUV Puts China EV Maker Back in the Fight

29 April 2026
NIO’s Hong Kong shares rose 8.7% after its Onvo unit began pre-sales for the L80 large electric SUV, starting at 245,800 yuan or 159,800 yuan with battery leasing. The launch follows NIO’s first quarterly net profit and aims at boosting volume in China’s crowded EV market. Test drives begin May 1, with the official launch set for May 15.
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