Morning Briefing: Metals Jump, Selkirk Copper Grows MRE
It’s a mixed day. The S&P and Nasdaq futures are green, up 0.64% and 1.41% respectively.
Strong earnings, notably Microsoft posting a record $90.01 billion in quarterly revenue, gave markets a boost. However, the industrial sector saw a significant drop, plunging 3.24% due to weak sector earnings, guidance cuts, and macroeconomic pressures.
Metals are having a good day.
Gold is up 1% to $4,138. Copper is up 2.28% to $6.46 and oil is down 1.3% to $83.86.
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