News

Freeport-McMoRan (FCX) stock fell 6.6% on Thursday to close at $71.21, while the S&P 500 slipped 0.6%. Copper sold off on surging yields and on reports that the White House has yet to decide on copper tariffs, raising concern the plan could be dropped over worries about higher manufacturing costs. That doubt lands on the part of Freeport that management says a tariff would help: its US business.

A single policy update with no operational content just sent the entire copper mining sector into freefall, erasing billions in gains that took months to build. Here is why tariff uncertainty can reprice a whole industry inside minutes.

Stock Market Today: The Dow Jones index rises Thursday ahead of a key inflation report. Nvidia chipmaker TSMC falls on August sales.

Southern Copper's H1 copper output falls 3.8%, but new projects could drive production higher from 2027 onward.

FCX's copper volumes fell 30% year over year in Q2, but higher metal prices helped beat earnings and revenue estimates.

Teradyne and Credo Technology are in bases on Thursday. Skyward Specialty Insurance and NetApp also on watch.

The S&P 500 Index ($SPX ) (SPY ) today is down -1.06%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.23%. September E-mini S&P futures (ESU26 ) are down -0.95%, and September E-mini Nasdaq futures...

In the latest trading session, Southern Copper (SCCO) closed at $175.66, marking a -3.24% move from the previous day.

In late June 2026, Southern Copper Corporation (NYSE:SCCO) was removed from several Russell value and defensive indexes and added to multiple growth-oriented benchmarks, including the Russell 1000 Growth and Russell 3000 Growth Indexes. This shift signals a reclassification of Southern Copper’s profile by index providers, moving it from a more defensive, value-oriented bucket toward growth-focused investor mandates. Next, we’ll explore how this move from defensive to growth-focused Russell...

The latest trading day saw Southern Copper (SCCO) settling at $167.76, representing a -4.23% change from its previous close.

The S&P 500 Index ($SPX ) (SPY ) today is down -1.00%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.08%. June E-mini S&P futures (ESM26 ) are down -1.11%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...