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Shares of Freeport-McMoRan Inc. (FCX) slid 0.83% to $38.23 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.65% to 4,660.57 and the Dow Jones Industrial Average rising 0.29% to 36,157.58. The stock's fall snapped a two-day winning streak. Freeport-McMoRan Inc. closed $7.87 below its 52-week high ($46.10), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Wednesday, as BHP Group PLC ADR (BHP.LN) rose 1.29% to $51.90, BHP Group Ltd. ADR (BHP.AU) rose 1.17% to $53.72, and Rio Tinto PLC ADR (RIO.LN) rose 0.27% to $62.11. Trading volume (17.0 M) remained 2.6 million below its 50-day average volume of 19.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2021.
(END) Dow Jones Newswires
November 03, 2021 16:53 ET (20:53 GMT)
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