🔴 FCX is trading 6.5% down today amid broad market weakness and crypto risk-off sentiment

FCX is trading 6.5% down at $64.69 following a sharp pre-market selloff and a broad decline across major asset classes.

• The move follows a prior close of $69.21, with the stock already down 5.1% before the opening bell in the absence of company-specific news.
• The decline aligns with a wider risk-off environment as the S&P 500 has fallen 1.00% and the NASDAQ Composite is down 1.70%.
• Broader sentiment is also being pressured by weakness in cryptocurrencies, with BTC down 3.36% and ETH down 4.51% since the previous close.