XLB State Street Materials Select Sector SPDR ETF
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Linde loses $1.15B in Russian assets, following sanctions-driven contract dispute
A Russian court ordered the transfer of $1.15 billion in Linde assets to local chemical giant Kuibyshevazot. The ruling settles a debt collection claim...
BASF hikes European chemical prices, signaling industrial margin pressure
BASF announced price increases for two key intermediate chemicals in the European market on August 12, 2026. The price for Neopentylglycol (NPG) will rise by...
Barrick settles Nevada dispute with Newmont for $1.95B, clearing IPO path
Barrick Gold and Newmont Corporation reached an agreement on August 11, 2026, to resolve all disputes regarding the Nevada Gold Mines (NGM) joint...
Sunrise Energy Metals secures $400M US loan, plans US listing
Sunrise Energy Metals received a conditional US$400 million loan commitment from the U.S. Office of Strategic Capital. The funding supports the development of...
Sherwin-Williams Raises 2026 Outlook, Defying Global Demand Slump
The Sherwin-Williams Company reported strong second-quarter results for the period ending June 30, 2026. Net sales climbed 7.5% year-over-year to $6.79...
Materials Sector Rises Amid Broad Market Optimism
The Materials Select Sector SPDR ETF (XLB) is up 1.68% in the current session, largely driven by a broader market rally. Investor sentiment has been boosted by...
Materials Sector Declines on Mixed Earnings and Outlook Concerns
The materials sector, as represented by the XLB ETF, experienced a significant downturn, falling 2.00% in the after-hours session on top of a 2.3% decline...
3 Proton Lithium finds largest US tungsten deposit, NASA blocks development
3 Proton Lithium discovered the largest claimed tungsten deposit in the United States on August 1, 2026. The Financial Times reported the find at the Railroad...
Materials Sector Declines as Oil Plunge Sparks Global Demand Fears
The materials sector fell over 1.5% in pre-market trading, largely driven by a sharp drop in crude oil prices. Oil prices plunged more than 5% after the U.S....
Linde Profit Jumps 10%, Signaling Growth for the Materials Sector
Linde plc (Nasdaq: LIN) reported second-quarter 2026 results. Adjusted diluted earnings per share reached $4.50. This figure represents a 10% increase from the...
Materials Sector Declines Sharply Despite Broader Market Gains
The Materials Select Sector SPDR ETF (XLB) experienced a significant downturn of -2.52% during the regular market session on July 31, 2026, a move that went...
Sherwin-Williams Lifts Forecast, Shares Jump 5.6% on Earnings Beat
Sherwin-Williams (SHW) exceeded second-quarter analyst expectations for both revenue and profit. The company reported Q2 revenue of $6.79 billion. This...
Materials Sector Declines on Mixed Earnings Reports
The materials sector, as measured by the XLB ETF, is down over 1.5% in the current session following a series of earnings releases from key component...
Materials Sector Rallies on Strong Q2 Earnings Outlook
The materials sector is trading significantly higher, driven by expectations of strong second-quarter corporate earnings and positive forward guidance from key...
Nucor Eyes Q2 Earnings Surge, Driven by Higher Selling Prices
Nucor Corporation reports second-quarter earnings after the market close today. The Charlotte-based steel giant serves as a key indicator for materials sector...
Dow Inc. Beats Q2 Profit Estimates on Strong Pricing, Raises Cost Savings Target
Dow Inc. reported strong second-quarter 2026 financial results, beating Wall Street expectations. The company posted an adjusted profit of $1.44 per share,...
Nth Cycle to list on NYSE, challenging China's critical mineral dominance
Nth Cycle Inc. will go public on the NYSE through a merger with Kensington Capital Acquisition Corp. VI. The combined entity will be named Nth Cycle Holdings,...
Materials Sector Surges on Strong Base Metal Rally
The materials sector experienced a significant uptick, with the XLB ETF climbing 1.71%, largely driven by a rally in base metal prices, particularly copper....
3M Raises 2026 Forecast After Q2 Profits Jump 11%
3M (NYSE: MMM) exceeded analyst expectations for the second quarter of 2026. The company reported adjusted earnings of $2.40 per share. This represents an 11%...
ASX Materials Index Slumps 2.9%, Squeezed by Rising Oil and Falling Metals
The S&P/ASX 200 Materials Sector Index (XMJ) fell 2.9% on Friday. Surging energy costs and weakening commodity prices triggered fears of margin...