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Mercury stock suffered the steepest decline, dropping nearly 20%. Roughly one-fifth of the homeowners’ insurance premiums the company collects in the US come from California, according to Moody’s.
Shares of insurance stocks Chubb (NYSE: CB), Progressive (NYSE: PGR), and Kinsale Capital (NYSE: KNSL) fell hard today, down 4.4%, 4.1%, and 8.1%, respectively, as of 3 p.m. ET.. The across-the ...
The market's positive open follows four consecutive days of losses in the final trading days of 2024. Still, the S&P 500 surged 23% to notch back-to-back annual gains of over 20%.
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re , of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors ...
Stock indexes reversed gains from earlier in the day to close lower on Tuesday as a fresh set of economic data triggered a bout of inflation fears, clouding rate cut views. ... Here's where US ...
Why one firm sees the US stock market headed for a third-straight year of 20% gains in 2025. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 2% to $73.11 a barrel.
The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat. Jobless claims, meanwhile, posted a surprise fall of 15,000 from the week before to 227,000.