Following news of the surprise Chinese stimulus, shares of metals and mining stocks rallied sharply on the open, although have fallen back from the highs.
Some notable names:
Alcoa Inc AA: Up 1.75 percent at $17.42 (high $17.75)
BHP Billiton Limited (ADR) BHP: Up 3.75 percent at $57.23 (high $57.99)
Cliffs Natural Resources Inc CLF: Up 11.3 percent at $9.75 (high $9.92)
Freeport-McMoRan Inc FCXUp 2.5 percent at $29.31 (high $29.92)
Vale SA (ADR) VALE: Up 8 percent at $9.38 (high $9.55)
Shares of gold miners haven't participated, with Newmont Mining Corp NEM and Barrick Gold Corporation (USA) ABX both trading around the unchanged level.
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