Producers of metals and other raw materials ticked up as traders rotated into value sectors from growth sectors in light of another up-tick in Treasury yields.
After lagging the returns of the growth index for years, the Russell 1000 Value Index is up about 10% for the year to date, compared with a 0.4% return for the Russell 1000 Growth index.
Agricultural company Archer Daniels Midland said it would pay $45 million to settle price-fixing allegations leveled at its peanut-processing unit.
Chilean copper miner Antofagasta said full-year production fell 4.7% from 2019, but the lower volumes were more than offset by falling costs and rising metal prices.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-12-21 1636ET
