Commodity

COMEX copper eased after hitting a fresh 10-month high on Friday morning in Asia as negative cues from equities continued to drag on the commodity. The red metal hit an intraday high of $4.47, its best level since June last year and is currently quoting at $4.42 per pound, down 0.30% on the day. The major averages on the Wall Street pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory. The Nasdaq slid 81.87 points or 0.5 percent to 15,601.50, while the S&P 500 dipped 11.09 points or 0.2 percent to 5,011.12. The narrower Dow bucked the downtrend, inching up 22.07 points or 0.1 percent to 37,775.38.

Powered by Commodity Insights