Producers of metals, grains and other raw materials rose as traders rotated back into the sector following strong jobs data.
Producers of metals, grains and other raw materials rose as traders rotated back into the sector following strong jobs data.
The Labor Department's Job-Openings and Labor Turnover, or JOLTS, April tally of job openings reached a multiyear high.
A jobs-market rebound would be a double-edged sword for commodity prices as it diminishes the likelihood of rate cuts, but potentially increases demand.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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