COPX is trading at $76.32 (-3.98%) as copper miners extend a sharp multi-day decline driven by macro concerns over global growth and industrial metal demand.
- The ETF continues to face significant downward pressure following a -6.37% drop in the previous session on June 23.
- The move reflects a broader risk-off shift and profit-taking in cyclical assets, even as major U.S. indices trade modestly higher.
- Weakness in copper prices is weighing heavily on mining stocks, highlighting a divergence between industrial commodities and the relatively stable broader market.