Southern Copper shares are trading higher in possible sympathy with the broader market after the Fed's policy decision to cut rates by 50 basis points.
Portfolio Pulse from Benzinga Newsdesk
Southern Copper shares are experiencing an uptick, likely influenced by the broader market's positive reaction to the Federal Reserve's decision to cut interest rates by 50 basis points.
September 18, 2024 | 6:36 pm
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Southern Copper's stock is trading higher, likely due to the broader market's positive response to the Federal Reserve's decision to cut interest rates by 50 basis points.
The Federal Reserve's decision to cut interest rates by 50 basis points has positively impacted the broader market, and Southern Copper's shares are likely rising in sympathy with this trend. Lower interest rates can lead to increased investment in equities, benefiting companies like Southern Copper.
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