Gold futures fell $43.70 to 1572.10 and WTI crude futures broke the significant $80 barrier by dipping down $2.19 to $79.26 at 12:13 PM CDT.
Rising coffee futures prices caused a slide in major coffee companies share prices. Peet’s Coffee (PEET) fell 7.3% to $60.75, Green Mountain Coffee (GMCR) was down 5% to $20.39 and Caribou Coffee (CBOU) slid 3.3% to 12.34. Coffee futures were trading at $157.60, up $5.2 on the day.
CarMax Inc. (KMX) fell $1.77 (-6.34%) to $26.13 as its earning missed expectations. The used car dealer had rising costs and a decline in sales.
Under Armour Inc. (UA) missed earnings expectations and declined $5.85 (-5.56%) to $99.33.
David Cornes holds a degree in economics from the University of Montana.