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.???