Initial jobless claims came in 1K higher than analysts’ consensus at 386K, 6K lower than last week. The U.S. quarterly GDP came in on target and the same as the previous quarter at 1.9%.

S&P 500 futures fell 13 points to 1312.50, NASDAQ futures fell 38 points to 2519.75 and Dow Jones Industrial Average futures fell 129 points to 12424.00.

Gold futures fell $24.10 to 1554.30 and WTI crude futures fell $1.66 to $78.55.

Corn continued to rallyfor the 5th day in a row after the driest season in 24 years. So far corn is up 17% this month. This morning December corn futures were trading at $6.420.

Family Dollar Stores, Inc.’s (FDO) earnings jumped 12% after an increase in sales. Although they posted great earnings, the guidance for the rest of the year caused their shares to trade 3.37% lower at $66.80.

AOL gained 53 cents (1.94%) after agreeing buy back $400 million of its shares between $27 and $30. AOL shares have a 52-week trading range of $10.06 to $28.36.

Deutsche Bank (DB) fell 5.49% after being the target of an investigation on interest rate-rigging.

David Cornes holds a degree in economics from the University of Montana.