Freeport-McMoRan Inc. closed $3.33 below its 52-week high ($55.24), which the company achieved on May 20th.

Key Takeaways Shares of mining giant Freeport-McMoRan surged alongside an uptick in copper and gold prices.The announcement of an economic stimulus package in China helped to their highest level in more than two months.

China's new stimulus measures boost commodities like copper and iron ore, leading to strong gains for mining and steel companies in Tuesday's trading.

The stock's fall snapped a nine-day winning streak.

Key Takeaways Major U.S. stock indexes were slightly higher at midday Tuesday, as U.S.-traded shares of Chinese companies rose after Beijing unveiled a stimulus package to boost China's economy.Nvidia shares climbed as Morgan Stanley analysts said the chipmaker is seeing strong demand for its Hopper and Blackwell GPUs.