Producers of metals and other raw materials rose, but not by much, as traders rotated into growth sectors from value sectors.
The spike in commodity inflation that drew investors to the natural-resources sector and saw lumber and industrial-metals prices hit record highs now appears to be "levelling off," said Randy Warren, chief investment officer at the Warren Safer-Equity Fund.
"Looking at lumber prices that are cratering, looking at cryptocurrency cratering, and you see some money coming out of some of the things that ran up at the beginning of year," said Mr. Warren.
A spat between West African cocoa growers and candy makers about measures intended to guarantee farmers a living-wage premium is worsening, weighing on chocolate-ingredient prices, according to economists at NKC African Economics.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-22-21 1629ET
