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Insurance Stocks Are Among the Top Performers
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By rosered44
Although we had Harvey and Irma, they could not stop the insurance stocks from soaring.
Allstate is up 23% year to date.
Progressive Insurance is even more impressive. Its stocks are up about 34% year to date.
Insurance stocks were sold off today because of hurricane Harvey. Travelers and Progressive were both down more than 2%. Allstate was down about 1.5%. The damage from the storm is phenomenal. The final costs to the insurance companies won’t be known for some time. Progressive stocks, for instance, have been…
Bitcoin was down more than 8% earlier today, but it had recouped much of its loss. Currently, it’s down about 4%. This is certainly not for the faint of heart. Today’s sudden plunge was probably due to traders’ profit taking because the cryptocurrency had orchestrated the rally from $3,600 to…
Overview SP 500 FUTURES was unable to break above the strong resistance level at 4176 and fell below the important support zone, 4128 / 4110, decidedly yesterday. The selling pressure continued today. It reached as low as 4056 before it bounced off the low. It did break below the uptrend…