Mumbai, Jan. 30 -- COMEX Copper futures plummeted after a surge above $6 per pound failed to hold. Strength in dollar overseas also contributed to the slide in red metal which is quoting at $5.99 per pound, down 2.8% on the day. MCX Copper jumped 8.57% to trade at Rs 1435 per kg yesterday. Meanwhile, the Dow ended the day up 55.96 points or 0.1 percent at 49,071.56, while the S&P 500 closed down just 9.02 points or 0.1 percent at 6,969.01. The tech-heavy Nasdaq ended the day more firmly negative, down 172.33 points or 0.7 percent at 23,685.12, although it had tumbled by as much as 2.6 percent.
Published by HT Digital Content Services with permission from Capital Market....