Producers of metals and other raw materials fell as investors hedged their bets on the outlook for economic growth.
A spike in bond yields worldwide could slow the recovery from the "Covid recession" as borrowing rates become more expensive, said Quincy Krosby, chief market strategist at Prudential Financial. The materials sector has outperformed the broad market for the year to date, amid signs that vaccination rollouts are spurring economic growth, and as investors "go into some sectors dramatically damaged from pandemic," said Ms. Krosby.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-26-21 1651ET
