Freeport-McMoran Copper & Gold Inc is trading 10.4% down at $62.47 as investors lock in profits following a period of volatile gains and a sharp reversal.
- Sentiment toward commodity-linked and cyclical names has softened, compounding the downward pressure on the stock.
- Broader U.S. equities are selling off in response to stronger-than-expected jobs data and a more hawkish interest-rate outlook.