Materials Underperforming (AA, X, CLF, FCX)

Materials stocks are comfortably lower in mid-day trading with selling accelerating in the last 30 minutes. A stronger euro may be contributing to the selling pressure in the following materials names. Alcoa AA is down 35 cents, or 3.05%, to $11.13. U.S. Steel X is down $1.71, or 3.73%, to $44.13. Cliffs Natural Resources CLF is down $2.56, or 4.71%, to $51.79. Freeport-McMoRan FCX is down $3.73, or 5.40%, to $65.29.