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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.
3 January 2026
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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.
1 January 2026
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Stock Market Today

  • Elon Musk Says SpaceX Can Set Up AI Data Centers in Space Without 'Magic'
    June 8, 2026, 7:24 PM EDT. Elon Musk stated that deploying artificial intelligence (AI) data centers in orbit is not a "super hard problem," disputing critics who view orbital data centers as highly challenging. Musk's SpaceX aims to leverage space infrastructure to host AI computing facilities, emphasizing practical solutions over technological impossibility.

Latest articles

Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

9 June 2026
Mingteng International shares soared 81.3% to $1.94 after the company ended its at-the-market stock sale plan, having raised about $20.6 million in gross proceeds; trading volume hit 24.2 million, dwarfing its $12 million market value, as the move outpaced gains in other U.S.-listed China auto stocks.
Peso Rebounds, But Mexico’s Next Inflation Print Looms

Peso Rebounds, But Mexico’s Next Inflation Print Looms

9 June 2026
Mexico’s peso edged up 0.09% to 17.4644 per dollar after Iran and Israel paused attacks, but traders turned cautious ahead of Tuesday’s Mexico inflation data, which could shape Banxico rate expectations and impact the peso’s yield advantage that has supported the currency.
T1 Energy Shares Dip After KORE Power Files New Update

T1 Energy Shares Dip After KORE Power Files New Update

9 June 2026
T1 Energy shares slid 3.2% to $9.13 after a new SEC filing revealed up to $24.7 million in stock-linked payments for its $32 million KORE Power acquisition, spotlighting dilution risks as the company expands into battery storage and data-center power; the deal’s structure and timing come as T1 seeks growth funding and investors weigh near-term costs against future EBITDA targets.
OpenAI IPO filing puts AI rally at center stage for Wall Street

OpenAI IPO filing puts AI rally at center stage for Wall Street

9 June 2026
OpenAI has confidentially filed for a possible IPO, but investors won’t see key financials—including revenue quality, cash burn, and compute costs—until the S-1 goes public; with $2 billion monthly revenue and a recent $852 billion valuation, the filing signals a pivotal shift as AI giants race for public capital amid rising infrastructure costs and growing competition from Anthropic.
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