FCX · NYSE
FCX · NYSE
62.69 USD
-3.45 (-5.22%)
FCX fell 5.42% in a deeper move than its earlier decline today, with the broad U.S. tape selling off as the S&P 500 fell 1.61%, the Nasdaq fell 2.58%, and the VIX rose 16.63%. Copper peers SCCO and TECK also fell 6.20% and 4.43%, respectively, while FCX's recent earnings-related estimate reduction and Scotiabank target cut added background pressure source. No new catalyst changed the standing market-and-peer explanation.
FCX fell 5.42% in a deeper move than its earlier decline today, with the broad U.S. tape selling off as the S&P 500 fell 1.61%, the Nasdaq fell 2.58%, and the VIX rose 16.63%. Copper peers SCCO and TECK also fell 6.20% and 4.43%, respectively, while FCX's recent earnings-related estimate reduction and Scotiabank target cut added background pressure source. No new catalyst changed the standing market-and-peer explanation.