• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Markets

Trending Tickers: FCX, NEM, IVZ, SCHW

Global markets were sent into a tailspin Friday following the U.K.'s decision to exit the European Union.
By REAL MONEY
Jun 24, 2016 | 01:41 PM EDT
Stocks quotes in this article: FCX, NEM, IVZ, SCHW

Global markets were roiling Friday after the United Kingdom voted in a Thursday referendum that the country should exit the European Union, sending the S&P 500 and Dow Jones Industrials down 3.1% and 2.9%, respectively, in midday trading. Meanwhile, the Nasdaq was trading about 3.7% lower. 

Markets were also being pressured by another decline in crude oil prices, as oil slipped about 1.1% to $48.85 a barrel, based on U.S. benchmark West Texas Intermediate.

Freeport-McMoRan (FCX) shares were falling 10% after the Phoenix-based miner announced it would issue new shares, representing nearly 2% of its outstanding stock, in hopes of mitigating debt concerns on its unsecured bonds.

The volatility prompted by the Brexit vote has investors fleeing to for more stable investments, sending gold prices up about 4.5% midday Friday to $1,320 a troy ounce.

This helped lift shares of Newport Mining (NEM) about 5%, adding to a spectacular year in which shareholders have been delighted to see the Colorado-based miner's market cap more than double.

And concerns surrounding Brexit are adding to pressures on online brokerage Charles Schwab (SCHW), whose shares fell 11.5% in midday trading.

Finally, asset management giant Invesco's (IVZ) exposure to eurozone investments caused its shares to plummet about 12%.

-- Written by James Passeri

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Markets

More from Markets

Kass: Untapped Homeowners Equity and Imbedded Gains Will Be a Ballast to Growth

Doug Kass
Jun 29, 2022 3:00 PM EDT

Homeowners equity has more than tripled in the last decade.

Will Markets See Positive Fireworks Into the July 4th Weekend?

James "Rev Shark" DePorre
Jun 29, 2022 11:01 AM EDT

In the last 10 years, the three days in front of the July 4th holiday have been up nine times.

Down Market, Negative Growth, Recession Talk, AMD, Trading AeroVironment

Stephen Guilfoyle
Jun 29, 2022 7:53 AM EDT

All of the talk around recession that had abated, at least for a day, returned with a vengeance, supported by a Cathie Wood interview.

Naspers to Unlock Its Own Value By Selling Down $129B Tencent Stake

Alex Frew McMillan
Jun 29, 2022 6:32 AM EDT

Naspers and its investment-holding company Prosus will sell down their Tencent stake and buy their own shares, with both companies trading at big discounts to NAV.

Zero-Covid? NATO's China Challenge, Quarter-End Volume, Yields, Trading Chevron

Stephen Guilfoyle
Jun 28, 2022 7:23 AM EDT

There was a time when Covid vaccine news was headline material. Not now, though, and this news could matter.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 04:51 PM EDT PAUL PRICE

    We Should Be in for Better Starting Soon

    Window dressing Thursday, the last day of the...
  • 11:56 AM EDT STEPHEN GUILFOYLE

    Stocks Under $10

    Check out what's going on in the Stocks Under $10 ...
  • 12:04 AM EDT PAUL PRICE

    Two Good Signs -- Especially for Small-Cap Investors

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login