Copper is down in early Asia on Thursday although it stays supported above $4 per pound mark amid a continued draw in copper inventories. Rebound in dollar and lingering concerns surrounding banking turmoil are keeping the red metal choppy. COMEX copper is currently quoting at $4.07 per pound, down 0.26% on the day. Meanwhile, stocks on Wall Street showed a strong move to the upside during trading on Wednesday as Nasdaq surged 210.16 points or 1.8 percent to 11,926.24, the S&P 500 shot up 56.54 points or 1.4 percent to 4,027.81 and the Dow jumped 323.35 points or 1.0 percent to 32,717.60.
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