Materials Stocks Rising On Strong Chicago PMI (X, FCX, CLF) - Cleveland-Cliffs (NYSE:CLF), Freeport-McMoRan (NYSE:FCX)

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Materials stocks are getting an early boost Tuesday after a regional report showed expansion in August.The Chicago Purchasing Manager's Index came in at 56.7 for August. While lower than the 57.0 consensus, any reading above 50 indicates expansion in the sector.U.S. Steel (NYSE: X) is up $1.48, or 3.53%, to $43.39.Freeport-McMoRan (NYSE: FCX) is up $2.35, or 3.34%, to $72.71.Cliffs Natural Resources (NYSE: CLF) is up $1.95, or 3.30%, to $60.98.

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