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Insurance Stocks Pull Back Slightly

 

Insurance stocks pulled back Thursday, a move analysts said most likely came about because of the increasing likelihood that the Federal Reserve's federalreserve aggressive rate-cutting campaign has come to an end.

AIG (AIG Quote) was off 1.8% to $74.75, Chubb (CB Quote) was lower by 0.8% to $73.99, AllState (ALL Quote) fell 2.2% to $35.93, and Cigna (CI Quote) was behind by 0.9% to $96.25.

AXA (AXA Quote) dropped 1.3% to $20.58, Allmerica Financial (AFC Quote) lost 1.6% to $43.99, Marsh & McLennan (MMC Quote) fell 1.6% to $108.69, and Progressive (PGR Quote) and St. Paul lost almost 3%. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
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