Heavy rain in Brazil, the world’s largest coffee producer, has disrupted the harvest and raised concerns about bean quality.
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Oil prices were falling with Brent crude and WTI dropping after the signing of the U.S.-Iran peace deal. Retail gas prices have fallen below $4 a gallon.
U.S. stock indexes closed up Thursday with the NASDAQ Composite Index rising 1.91%. Meanwhile, the S&P 500 Index rose 1.08%, and the Dow gained 0.14%.