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%…
This article was originally published by Seekingalpha.com. Read the original article here.