Freeport-Mc-Moran is trading 4.1% down at $69.47 as hotter-than-expected September inflation and rising rate-hike expectations weigh on equities.
- Market reporting also cites CPI and yield concerns as weighing on the shares; no clear company-specific catalyst was identified.
- The S&P 500 is down 0.95% and the Nasdaq Composite 1.37%. Copper is near record highs, so its strength does not appear to explain the drop.