Producers of metals and other raw materials fell ahead of the Federal Reserve's meeting.
The U.S. dollar ticked up against rivals, but remains near the lows of the year.
One strategist said dollar weakness, which typically buoys commodity prices, is likely to continue in 2026. "We see more intervention by the Fed and central banks around the world," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "Many of the banks will hold pat with their current rates, or maybe even increase, like in the case of Japan. So you could envision the dollar weakening further..."
Kloeckner shares surged after reports the German steelmaker was in takeover talks with U.S. metals processor Worthington Steel.
The Trump administration is planning to announce $12 billion in aid to U.S. farmers, according to administration officials, as the agriculture sector grapples with the fallout from President Trump's far-reaching tariffs.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-08-25 1747ET
