Producers of metals and other raw materials fell amid fears about the outlook for interest rates.
Expectations for a series of rate hikes this year has pushed up Treasury yields and the relative value of the dollar, weighing on commodity prices. Federal Reserve Bank of Richmond President Thomas Barkin said Friday that a rate hike in March is a possibility.
Dollar-sensitive gold futures rose slightly, but finished below the psychologically significant $1800-an-ounce level for the third straight session.
Fired James Hardie Industries Chief Executive Jack Truong rejected statements made by the building materials company in announcing his sacking for code-of-conduct violations.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-10-22 1627ET
