Producers of metals and other raw materials fell sharply amid concerns that the plight of large banks such as First Republic Bank would bring on a financial crisis.
Most investors anticipate a rate increase from the Federal Reserve next week despite signs that the wave of bank runs is not yet over.
Gold futures, often used as a hedge against financial instability, hovered around $2,000 an ounce.
Mining giant Anglo American said its first-quarter production rose 9%, lifted by copper production at its new mine in Peru, among other advances.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-26-23 1700ET
