Why Metals Stocks Alcoa, U.S. Steel, and Freeport-McMoRan All Crashed Today
Downbeat news from the Federal Reserve and Johns Hopkins University shook confidence in stocks Thursday. Industrial metals companies are looking especially hard-hit, with shares of copper producer Freeport-McMoRan (NYSE: FCX) off 11.6% in 1 p.m. EDT trading, aluminum giant Alcoa (NYSE: AA) down 14.7%, and U.S. Steel (NYSE: X) suffering worst of all -- down 16%.
So what's all the fuss about?
The stock market is melting down today. Even for metals companies, that's not good news. Image source: Getty Images.
Source Fool.com
