Freeport-McMoRan Leads Materials ETFs Deep Into Red

Basic materials exchange traded funds were crushed Wednesday along with energy-sector ETFs as commodities sold off and key component Freeport-McMoRan (NSYE: FCX) dropped more than 5%. The iShares Dow Jones US Basic Materials (NYSEArca: IYM) was down 3% while silver and oil led the decliners in the...