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

(END) Dow Jones Newswires

11-30-23 1857ET