Materials ETFs Slip as PPG Industries Sounds Warning Bell
This article was originally published on ETFTrends.com.
Materials stocks and sector-related ETFs were among the worst performers Tuesday after paint and coatings supplier PPG Industries (NYSE: PPG) warned it will likely report weak third- and fourth-quarter results due to higher material costs and diminished demand from China. On Tuesday, the Materials Select Sector SPDR (NYSEArca: XLB) fell 3.4%, iShares U.S. Basic Materials [...]