Freeport-McMoRan Inc. closed $3.33 below its 52-week high ($55.24), which the company achieved on May 20th.

Gold prices are sitting at a record high following the Fed's first interest-rate cut and as other central banks around the world loosen monetary policy. Freeport-McMoRan ( FCX) shares surged on Tuesday amid an increase in the prices of copper and gold, two of the main commodities produced by the mining giant.

China's new stimulus measures boost commodities like copper and iron ore, leading to strong gains for mining and steel companies in Tuesday's trading.

Tesla shares extend gains, reports say Visa faces a Justice Department antitrust lawsuit, and JD.com stock jumps on fresh stimulus measures in China.

The stock's fall snapped a nine-day winning streak.