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Commodity News Details
Copper spikes around 1.5%
02-May-2025 18:56

COMEX copper rebounded from a two-week low and jumped by more than 1% on Friday, tracking a mild pull back in dollar overseas and positive cues from equities. Wall Street on Thursday saw good gains with the tech-heavy Nasdaq ending the session at its best closing level in over a month. The major averages moved to the downside going into the end of the day but still closed in positive territory. The Nasdaq jumped 264.40 points or 1.5 percent to 17,710.74, the S&P 500 climbed 35.08 points or 0.6 percent to 5,604.14 and the Dow rose 83.60 points or 0.2 percent to 40,752.96. Currently, the counter is quoting at $4.69 per pound, up 1.5% on the day but is set for a weekly loss of over 3%.

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