COMEX copper is staying elevated around 10-month high above $5 per pound mark tracking positive equities. The major averages climbed well off their worst levels of the day and into positive territory on Friday. The tech-heavy Nasdaq saw a notable advance going into the close, ending the day up 92.43 points or 0.5 percent at 17,784.05 after tumbling by as much as 1.2 percent in early trading. The Dow and the S&P 500 posted more modest gains. The Dow inched up 32.03 points or 0.1 percent to 41,985.35 and the S&P 500 crept up 4.67 points or 0.1 percent to 5,667.56. Copper futures recorded massive gains last week as sentiments stayed well supported amid Chinese demand hopes. Chinese policymakers have unveiled an action plan to boost consumption, a top policy priority for Beijing. The plan said the government will work to increase income for both urban and rural residents, while also taking measures to boost employment.

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