Daily Data Flow

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.”

Sign Up