Basic material weekly wrap: Fed drives metal prices higher, Aluminum and copper hits high

  • Material tops the sector list with a 2.79% gain contradicting the S&P 500 loss of 0.37%. Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.53% in the last week compared to SPDR S&P 500 Trust ETF loss of 0.11%.
  • Industrial, technology, communication services…

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