Producers of metals and other raw materials were more or less flat, as a run-up in the value of the U.S. dollar paused.
The sector retreated as the dollar advanced on the prospects of interest rates going "higher for longer."
On Friday, several senior Federal Reserve officials, including Fed Bank of Boston President Susan Collins, echoed Chairman Jerome Powell's midweek statements, warning the U.S. central bank might not be done raising interest rates.
Dollar-sensitive gold futures recouped some of the ground lost during the selloff.
"We still expect one more hike in November, but it is a close call given several near-term economic headwinds," said economists at brokerage Bank of America Global Research.
Weyerhaeuser, the forest-products firm that is the largest private U.S. landowner, gained approval from an organization that vets environmental credits to proceed with its first sale of forest-carbon offsets. The firm, which traces its history back before the Civil War, will manage about 50,000 acres of its timberlands in the North Maine Woods to accumulate carbon in the standing trees, working with offset firm Carbon Direct to monetize the activity.
Dmitry Sytii, the man who has taken over from Victor Prigozhin as head of the Wagner paramilitary group in Africa, is securing access to African gold and diamond mines from his headquarters in the Central African Republic.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-22-23 1659ET
