Base Metals Preview: COMEX copper holds rebound at around $6.45 per pound

Copper futures are holding largely steady after a rebound from around done and half month low as major U.S. stock indexes all showed significant moves to the upside. The red metal is seen quoting at $6.45 per pound, up 0.25% on the day. The major averages gave back some ground going into the end of the day but remained sharply higher. The Dow surged 1,569.40 points or 3 percent to 53,356.12, the S&P 500 jumped 119.70 points or 1.6 percent to 7,688.62 and the Nasdaq shot up 364.50 points or 1.4 percent to 25,736.51.

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