Mumbai, April 17 -- COMEX copper edged lower in early Asia on Friday but stays well supported above $6 per pound mark. Pull bak in dollar overseas and positive cues from equities aid gains in the red metal which is currently quoting at $6.05 per pound, down half a percent on the day. On the Wall Street, the Nasdaq and the S&P 500 added to the strong gains posted over the few days, reaching new record closing highs. The major averages all finished the day in positive territory. The Nasdaq climbed 86.69 points or 0.4 percent to 24,102.70, the S&P 500 rose 18.33 points or 0.3 percent to 7,041.28 and the Dow increased 115.00 points or 0.2 percent to 48,578.72.
Published by HT Digital Content Services with permission from Capital Market....