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.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-30-23 1857ET