Copper drops to lowest since July on AI slowdown fears, tariff doubts (CPER:NYSEARCA)
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about copper and AI and big tech.
Directly affected
- No company is named in this report.
Indirectly affected
- COPX Global X Copper Miners ETF-16.2% 30d
Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- FCX Freeport-McMoRan-13.1% 30d
Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- SCCO Southern Copper-12.3% 30d
Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- MSFT Microsoft+11.8% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- GOOGL Alphabet-15.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- AMZN Amazon.com+6.7% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COPX | +2.28% | +2.02% | base | after close | after close | after close | after close |
| QQQ | +6.56% | +5.75% | base | after close | after close | after close | after close |
| XLI | +3.03% | +5.45% | base | after close | after close | after close | after close |
| FCX | +7.86% | +6.67% | base | after close | after close | after close | after close |
| SCCO | +7.34% | +4.97% | base | after close | after close | after close | after close |
| MSFT | -2.67% | -2.88% | base | after close | after close | after close | after close |
| GOOGL | -0.97% | -0.97% | base | after close | after close | after close | after close |
| AMZN | -7.79% | -3.81% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Copper drops to lowest since July on AI slowdown fears, tariff doubts (CPER:NYSEARCA) Seeking Alpha
Source: Seeking Alpha
This story
| Company | When | Move | Status |
|---|---|---|---|
| AMZN | three days earlier | -3.81% | final price |
| AMZN | five days earlier | -7.79% | final price |
| COPX | three days earlier | +2.02% | final price |
| COPX | five days earlier | +2.28% | final price |
| FCX | three days earlier | +6.67% | final price |
| FCX | five days earlier | +7.86% | final price |
| GOOGL | three days earlier | -0.97% | final price |
| GOOGL | five days earlier | -0.97% | final price |
| MSFT | three days earlier | -2.88% | final price |
| MSFT | five days earlier | -2.67% | final price |
| QQQ | three days earlier | +5.75% | final price |
| QQQ | five days earlier | +6.56% | final price |
| SCCO | three days earlier | +4.97% | final price |
| SCCO | five days earlier | +7.34% | final price |
| XLI | three days earlier | +5.45% | final price |
| XLI | five days earlier | +3.03% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 37 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 39 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 53 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 71 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 10 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Copper drops to lowest since July on AI slowdown fears, tariff doubts (CPER:NYSEARCA)” scores 12 out of 100. The score uses 1 sources.