Freeport-McMoran is trading at $65.98, down 4.24%, before the October 22, 2026 open amid a broad risk-off move. - U.S. futures and major indexes are lower, while renewed Middle East tensions have pushed oil higher. - Bloomberg reported copper fell as much as 0.7% overnight as technology-stock selling dampened risk appetite; rising LME inventories added pressure. - No company-specific overnight catalyst was identified; the October 21 waste-rock leaching report is not a clear explanation for the decline.