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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 ...
In the United States, the bond market remained open until its recommended closure at 2 p.m. Eastern time. Yields held relatively steady following a strong recent run that has rattled the stock market.
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 ...
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.
Indexes closed lower in the first trading day of the year on Thursday. The losses extend the market's losing streak to five days, putting the Santa Claus rally at risk. Apple stock dropped more ...
US stocks wavered on Tuesday as investors prepared to digest the November inflation report due this week. The S&P 500 and Nasdaq rose slightly, though remained below record highs achieved at the ...
The declines follow rises across the board on Wednesday, which saw a fresh record close for both the S&P 500 and the Dow, and comes after inflation proved stickier than expected last month.