Bloomberg Podcasts · Cooper Sinks, Freeport-McMoRan Drops, Oracle Struggles With Debt | Stock Movers

1. 1. Cooper Companies (COO) was the worst decliner in the S&P 500, on pace for its worst day since May 2025.
2. 2. Cooper's guidance miss was driven partly by weakness in its vision unit and the absence of a surgical-unit spinoff.
3. 3. Healthcare is only about 9% of S&P 500 weighting, versus roughly 40% for tech, limiting the index impact of Cooper's drop.
4. 4. Freeport-McMoRan (FCX) fell about 7%, on pace for its worst day since June 5th.
5. 5. Reuters reported the White House has not yet decided on refined copper tariffs, pressuring copper miners.
6. 6. Copper prices are trading near records, which RBC strategists see as a positive signal for the global economy.
7. 7. Oracle (ORCL) fell about 4% ahead of earnings, with options implying a potential swing of more than 10% in either direction.