Materials ETF sets another all-time high

The Materials Select Sector SPDR Fund pushed to a fresh high Monday as investors embraced the cyclical trade: stocks that stand to benefit from building and construction. The exchange-traded fund, the largest tracking the sector, touched an intraday high of 83.88, up 0.8%, on the strength of stocks like Freeport-McMoRan Inc. and Albemarle Corporation , both among the biggest gainers in the S&P 500 . The Vanguard Materials ETF, a competitor, gained 0.9% midday.

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