Producers of metals, grains and other raw materials fell as inflation concerns resurfaced.
Increasingly bellicose rhetoric between the U.S. and Iran has caused traders to retreat from rate-cut bets. The yield on the 30-year Treasury bond closed at the highest level since 2007. That has weighed on rate-sensitive sectors such as materials.
Steelmaker ArcelorMittal said two employees were killed in a missile strike on a site in Ukraine over the weekend, and others were injured.
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