Producers of metals and other raw materials fell amid uncertainty about the economic outlook.

Investors are split between those who have optimistic and pessimistic views of the economy, said one strategist. "There's this tug of war," said Quincy Krosby, chief global strategist at brokerage LPL Financial.

"Recession fears have hovered over the market ... but then you've got industry folks saying 'it's not going to be that bad.' Recessions come in a broad spectrum of intensity, and that's the difficult thing."

Iron-ore miner Vale rose after analysts at brokerage Morgan Stanley said the Brazilian company was set to benefit from a range of factors, including the end of China's Covid-zero policy, the potential resolution of legal claims from the Mariana dam disaster, and a possible deal involving its base-metals unit. 


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

(END) Dow Jones Newswires

12-09-22 1744ET