Industrial materials drop amid fears of global recession

Yesterday, we warned about the possibility of a pull back for the global stock markets. After an early morning advance, stock markets dropped today and closed in the red. One of the weakest sectors was the metals and industrial materials sector. Not surprising, that the Fidelity Select Materials fund (FSDPX) closed down -4.45%.

Fidelity Select Materials fund (FSDPX, change: -4.45%)

Fidelity Select Materials fund (FSDPX, change: -4.45%)

Mutual fund screens are provided by FidelitySignal.com

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