Materials on the Move?
With commodities having taken a beating over the past month, the S&P Materials Sector is leading its counterparts today, up nearly 1% and helping to dampen the downtrodden Financials which are down over 3%.
The word on the street is today's gains are to compensate for oversold conditions. With a continued global economic slowdown, can these companies continue their gains? Monsanto, the sector leader today, is also up on the positive crop report.
Leading the Sector are:
- Louisiana Pacific
- Freeport McMoran Copper & Gold
- US Steel
- International Flavors & Fragrances
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