FCX Stock Falls Amid Soft Q3 Outlook As Copper Price Slips

Copper mining giant Freeport-McMoRan (FCX) handily beat Q2 earnings forecasts but slightly trimmed its outlook for copper sales this year, with a significant shortfall in Q3. Still, the copper price fell as the U.S.-Iran war stoked growth concerns. FCX stock and the United States Copper Index Fund ETF (CPER) that tracks the copper price both saw recent momentum reverse as…