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Why Alcoa, Chevron, and Freeport-McMoRan Stocks Sizzled on Friday

Why Alcoa, Chevron, and Freeport-McMoRan Stocks Sizzled on Friday

Commodity stocks flew high on Friday, with some even clocking double-digit percentage gains during the day. Two C's drove Friday's rally in these stocks: China and commodity prices. China's zero-COVID policy has dealt a heavy blow to the economy and investor sentiment in recent months.