COMEX copper loses momentum is early Asia on Friday tracking dollar firm around 99.50 mark and sharp decline in equities overnight. The major averages on Wall Street finished the day just off their lows of the session. The Dow plunged 739.42 points or 1.6 percent to 46,677.85, the Nasdaq tumbled 404.16 points or 1.8 percent to 22,311.98 and the S&P 500 slumped 103.18 points or 1.5 percent to 6,672.62. The red metal is currently holding at $5.82 per pound, down half a percent in the day. Powered by Commodity Insights |