The Pittsburgh aluminum major and its workers' representatives reached an accord regarding the deal with a Swiss private-equity firm.
New orders for manufactured durable goods slipped by 1.3% in May to $243.4 billion, the U.S. Census Bureau reports. Economists had forecast no change during the month.
Let's go through the bearish signals one by one.
A report due Friday from the Labor Department is expected to show that U.S. employers added 181,000 jobs in April, though some economists say the growth may have been even stronger. The cost is annual federal budget deficits estimated at more than $1 trillion.
After a rough 2018, Freeport-McMoRan is a 'buy the dips' stock.
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