Producers of metals and other raw materials rose alongside commodity prices as U.S. inflation data sparked hopes the Federal Reserve had scope for more moderate rate increases.
The personal-consumption expenditures price index rose 5.5% in November from a year earlier, a significant cooling from 6.1% in October.
The dollar weakened in the wake of the data, nudging the price of gold and other precious metals higher.
Mission Produce shares fell after the avocado producer said lower prices for the vegetable generated a fiscal fourth-quarter loss.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
12-23-22 1647ET
