|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||34.087 - 34.224|
|52 Week Range||23.410 - 34.400|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.75%|
To receive further updates on this SPDR S&P 500 ETF Trust (NYSEARCA:SPY) trade, sign up for a risk-free trial of Maximum Options today. According to my research, there are over 700,000 electric cars being used around the world, which is a pretty significant increase from just a couple of years ago, but it’s still only about 1% of the automobile population of the world. In traditional cars, there may be as little as 55 copper wires, but the next generation of cars — especially the electric ones — are going to require thousands of these copper wires.
Freeport-McMoRan Inc (NYSE:FCX) jumped higher by nearly 6% on Wednesday, and credit for that lies in large part to rising copper prices. While the broad market recovery was taking a breather, rotation struck beneath the surface. Capital fled some areas only to find a new home elsewhere, and the biggest beneficiary from a sector perspective was basic materials — copper in specific. Thus, on a go-nowhere, do-nothing day, the sharp ascent in FCX stock warrants further investigation.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.