Producers of metals and other raw materials ticked up as the dollar continued to retreat against rivals.
Investors are betting that a moderation in global economic growth will soon cause inflation to stall.
"Persistent inflation has left the (Federal Reserve) with little choice but to continue its recent run of large interest rate hikes," said strategists at money manager Nuveen, in a note to clients.
"With monetary policy now firmly in restrictive territory, we expect a moderation in inflation ... but at the likely cost of weaker job creation and slower growth."
Coal miners Peabody Energy and Coronado Global Resources ended talks over a merger that was set to create a global coal excavator valued at about $6 billion.
Alpha Metallurgical Resources' coal sales fell 13% in the third quarter from a year earlier, a sign of slowing steel making activity.
Lean hog futures surged on the Chicago Mercantile Exchange.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-07-22 1714ET
