Materials ETFs jump the most in 2 months

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Materials-sector exchange-traded funds jumped Monday as investors appeared to bet on sectors that stand to gain more as economic growth throttles higher. The Materials Select Sector SPDR Fund rose 2.58% in the late morning, on track for its biggest one-day move since Sept. 1. The Vanguard Materials ETF was also up 2.5%, while the iShares U.S. Basic Materials ETF jumped 2.8%. Chemicals companies FMC Corp. and Albemarle Corp. were among the biggest contributors to the sector gains on Monday. Both stocks were up about 4%.
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