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Commodities Drop Brings Stocks Down

Commodities Drop Brings Stocks Down (Bloomberg)

After the S&P 500 reached a new closing high last week, stocks fell today, thanks in part to a decline in commodity shares, specifically copper and oil, triggered by worries about the Chinese economy. “China is a big importer of copper and intraday that triggered a little bit of fear in equities,” Joe Bell, senior equity analyst at Cincinnati-based Schaeffer’s Investment Research Inc., said. “Copper is somewhat related to the health of the global economy, so that could have pushed people to take some money off the table.”

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