Producers of metals and other raw materials pushed higher amid strong earnings.
Commodities giant Glencore said profit more than doubled in the first six months of the year, boosted by significant market volatility stirred up by macroeconomic and geopolitical events - a theme it expects to continue for markets through the rest of 2022.
Gold futures closed at a one-month high, buoyed by a pullback in the U.S. dollar and Treasury yields, as investors awaited Friday's employment report for July to help gauge whether the American economy can avoid a recession.
Meanwhile, livestock futures on the CME closed the session mixed, with live cattle futures closing down, while lean hog futures closed up. The closes reflect data reported by the USDA Thursday morning, which showed strong export sales for U.S. pork and weak sales for beef.
Ukraine said its first grain shipment since the start of Russia's invasion had been a success and could lead to a surge in exports to prewar levels within two months. But industry players warned that sizable hurdles remain.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
08-04-22 1700ET
