Rio Tinto levels up 2.91% in yesterday's session; traders eye opening bell in 3 days time

A quick look at yesterday: after ending Thursday's session at $59.39, Rio Tinto went up to $61.43 yesterday only to fall back and close at $61.12.

• Daily trading volume (3.89 million shares) increased, making up 134% of the 21-day average (2.90 million).

With investors awaiting market open in 3 days, yesterday's session was noteworthy in that S&P 500 built upon its previous close around 4,151.28 to gain 1.3%, before closing the session at 4,205.45. Rio Tinto went up yesterday and similar gains were seen throughout the Basic Materials sector (up 0.109%).

Approximately 3 months ago, the global mining and metals juggernaut reached a significant high of $80.4 but has struggled to hold onto its gains and declined 26.13% since then. So far this year, it has been under-performing the S&P 500 by 23.2%. The global mining and metals juggernaut's market cap currently stands at $99.14 billion with an average daily volume of 2.90 million shares.

This rally in Rio Tinto's share price coincided with other materials stocks as BHP Billiton traded at $56.67 after closing yesterday's trading day at $55.03 (up 2.98%).