Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite
Published . Updated .
This report is about Materials.
Directly affected
- No company is named in this report.
Indirectly affected
- XLB Materials Select Sector SPDR+0.9%
A fund of materials companies
- GLD SPDR Gold Shares-3.3%
Gold miners and the metal move together
- FCX Freeport-McMoRan-6.0%
A large copper miner
- NEM Newmont-11.5%
A large gold miner
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLB | -1.55% | -0.97% | base | -0.79% | after close | after close | after close |
| GLD | +3.51% | +2.33% | base | -0.70% | after close | after close | after close |
| FCX | +7.66% | +6.69% | base | +1.01% | after close | after close | after close |
| NEM | +4.09% | +2.51% | base | -4.48% | 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.
Market Call
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Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite Bloomberg.com
Source: Bloomberg
This story
| Company | When | Move | Status |
|---|---|---|---|
| FCX | that day | +1.01% | final price |
| FCX | three days earlier | +6.69% | final price |
| FCX | five days earlier | +7.66% | final price |
| GLD | that day | -0.70% | final price |
| GLD | three days earlier | +2.33% | final price |
| GLD | five days earlier | +3.51% | final price |
| NEM | that day | -4.48% | final price |
| NEM | three days earlier | +2.51% | final price |
| NEM | five days earlier | +4.09% | final price |
| XLB | that day | -0.79% | final price |
| XLB | three days earlier | -0.97% | final price |
| XLB | five days earlier | -1.55% | final price |
This story
12 out of 100
“Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite” scores 12 out of 100. The score uses 1 sources.