Lumber stocks make up biggest gainers; Alcoa drops on Q1 sales miss

The S&P 500 Materials sector closed this trading week in red, down 3.83%. The Materials Select Sector SPDR (XLB) also registered a 3.66% dip. Most industrial metals stumbled on Friday amid concerns that Chinese COVID lockdowns and rapid monetary tightening will suppress metals demand and economic growth. According to Reuters, LME three-month copper dipped 0.7%…