Gold producers and other mining stocks were mixed Tuesday, while the shares of energy and agricultural companies were falling along with the broad market.
Among individual issues,
was up 4.2% at $10.94, and
was rising 3.7% to $7.60.
On the downside,
fell again, this time by 4.4% to $126.90, and
was off 3.5% at $45.89.
gave up ground. Joy dropped 6.7% to $22.40, and Bucyrus was weaker by 3.7% at $16.88.
As for energy stocks,
was one of the worst decliners, falling 4.9% to $62.70.
declined 4.7% to $16.20.
National Oilwell Varco
also lost more than 4% each.
Most integrated majors such as
were down, but the losses tended to be in the 2% to 3% range.
Agricultural stocks were also sluggish, led by an 11% selloff in oilseeds and corn processor
Archer Daniels Midland
to $25.54. The move came after Citigroup downgraded the shares to sell. Fertilizer firm
was falling 6.3% to $19.06, and agribusiness concern
was losing 5.5% to $36.65.
Exchange-traded funds were generally dropping, as well. The
Market Vectors Agribusiness
was losing 3.2% to $28.93, and the
was surrendering 3.9% to $29.05. The
fund, however, was up 1.9% to $86.87.
As for the commodities themselves, gold prices rallied to get back above $880 an ounce in New York, while crude oil was taken down below $50 a barrel. Ag contracts were mixed. Sugar, cotton, cocoa and frozen concentrated orange juice advanced, but corn, wheat and soybeans retreated.
Lean hogs were stronger, and cattle edged lower. The Reuters/Jefferies CRB Index gave back 1.45 points to 223.08.
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