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Why Freeport-McMoRan Stock Is Tumbling Today

TheMotleyFool

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Why Freeport-McMoRan Stock Is Tumbling Today: https://pixabay.com/de/photos/gold-ingots-golden-schatz-513062/

Shares of Freeport-McMoRan (NYSE: FCX) tumbled more than 10% by 11:30 a.m. EDT on Friday. Several factors weighed on the copper and gold mining company, including a sell-off in the market and issues with its mine in Peru.

The stock market is giving back some of its recent gains today. The S&P 500 index was down about 3% in mid-morning trading, as most stocks are in the red. Commodity prices are also falling today, with gold down about 1.5% and copper giving back some of its recent gains.

Image source: Getty Images.

Source Fool.com

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