Producers of metals and other raw materials rose after another sign that inflation is receding.
The Federal Reserve’s favored inflation gauge, the personal-consumption expenditure index, rose 3.5% in October from a year earlier, slowing from a 3.7% annual gain in September.
Gold futures gave back some of their recent gains, as the dollar rebounded somewhat, but precious metals prices lingered near recent highs.
Cardboard-box makers such as International Paper rose sharply after the companies raised prices of the material, heavily used in the online retail industry.
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