Producers of metals and other raw materials rose amid deal activity.
Steelmaker ArcelorMittal plans to sell its U.S. plants to mining company Cleveland-Cliffs for $1.4 billion, retreating from older mills in the industrial heartland that underpinned its expansion into becoming America's second-largest steel producer.
Cleveland-Cliffs is establishing itself as a major integrated North American steel producer, with a large suite of steel mills fed by its iron mines.
Shares of aspiring lithium miner Piedmont Lithium soared after it struck a deal with electric-car maker Tesla, which has said it's seeking domestic lithium suppliers for its batteries.
Gold futures rose, boosted by a weaker dollar, but remain down more than 4% on September, trading around $1872 an ounce.
Write to Rob Curran at rob.curran@dowjones.com
