Base Metals Preview: COMEX copper stays pressured around $6.7 mark

COMEX copper futures were seen pressured by surging yields and firm dollar overseas. The red metal slipped from record high levels and is currently, quoting at $6.77 per pound, down 0.29% on the day. After showing a significant move to the downside early in the session, stocks on the US showed a notable recovery attempt over the course of the trading day on Thursday. The major averages climbed well off their lows of the session, with the Nasdaq and S&P 500 closing roughly flat. The tech-heavy Nasdaq inched up 3.34 points or less than a tenth of a percent to 26,939.37, while the S&P 500 edged down 1.90 points or less than a tenth of a percent to 7,704.13.

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