Metals
Turning to the miners, Deutsche Bank raised its rating on Freeport-McMoRan Copper and Gold(FCX) to a buy from hold and hiked its stock price target to $69 a share from $58.30. Still, the stock was dipping 2.6% at about $55.
Elsewhere, Meridian Gold(MDG) and Agnico-Eagle Mines(AEM) were both sliding about 5% in afternoon trading. As for base metals, copper lost 4 cents to close at $2.71 a pound, in line with the decline in the broader metals complex. In ferrous metals, steel prices in China were trending slightly higher due to relatively low inventory levels, according to a new report from Shanghai-based Growell Research & Consulting.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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