Producers of metals, grains and other raw materials rose amid optimism about interest rates. Some investors are placing contrarian bets that the Federal Reserve will not raise rates this year, as widely anticipated.

Producers of metals, grains and other raw materials fell sharply as rate and inflation fears resurfaced.

Producers of metals, grains and other raw materials rose amid optimism about interest rates. Some investors are placing contrarian bets that the Federal Reserve will not raise…