Producers of metals, grains and other raw materials fell as clashes in the Middle East spurred inflation concerns.

Gold futures, which surged early in 2026 due to hopes of a Federal Reserve rate cut, retreated, cutting year-to-date gains to 2.4%.

Refrigerant maker Solstice Advanced Materials and specialty-chemicals maker Element Solutions called off their $12 billion merger deal, shareholder opposition.

Swedish miner Boliden agreed to buy a majority stake in Nexa Resources for around $1.31 billion.

Write to Rob Curran at rob.curran@dowjones.com