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Shares of Freeport-McMoRan Inc. (FCX) advanced 2.49% to $38.68 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.17% to 4,690.70 and the Dow Jones Industrial Average rising 0.55% to 35,813.80. The stock's rise snapped a six-day losing streak. Freeport-McMoRan Inc. closed $7.42 short of its 52-week high ($46.10), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Tuesday, as BHP Group PLC ADR (BHP.LN) rose 2.83% to $54.12, BHP Group Ltd. ADR (BHP.AU) rose 2.80% to $55.53, and Rio Tinto PLC ADR (RIO.LN) rose 2.95% to $63.84. Trading volume (15.8 M) remained 5.3 million below its 50-day average volume of 21.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2021.
(END) Dow Jones Newswires
November 23, 2021 16:53 ET (21:53 GMT)
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