Freeport Rally, Lower Dollar Carry Copper ETFs
April 20, 2011 at 16:33 PM EDT
A 3% rally in Freeport-McMoRan (NYSE: FCX) shares Wednesday and a weaker dollar provided a boost to exchange traded funds (ETFs) that invest in copper and miner stocks. Freeport reported higher first-quarter net income and the miner also declared a special dividend. The price Freeport-McMoRan...