Copper Prices Fall to 2009 Levels on China Fears

FOXBusiness

The markets pulled a last-minute surprise Tuesday, staging a comeback at the close after falling 217 points early in the day. The Dow saw a 300-point swing, and when all was said and done, settled higher by 93 points. The other major averages all managed to erase losses to close in the green. Market volume ranked as one of the busiest sessions so far this year.

Five stocks accounted for a little more than half of the Dow's gains Tuesday. These included Boeing, Procter & Gamble, Nike, Walt Disney and Walmart.

Continue Reading Below

Oil moved all over the place, falling below $51 per barrel Tuesday for the first time since April 10. Oil pared its losses heading into the close, settling just 20 cents lower at $52.33 per barrel.

Commodities overall are getting smashed. Metals took a hit Tuesday with gold losing more than $20 per ounce as the strong dollar sent the shiny commodity to finish at its lowest since March at $1,152.60 per ounce. Copper plunged 3.6% Tuesday due to China worries, at one point sinking to 2009 levels.

China's stock market is in bear territory, off 20% from the highs.

What do you think?

Click the button below to comment on this article.