Indexes Climb, Health Care Sick, Oil Drops Hard
US stock indexes climbed across the board on oils retreat and technology stocks advance. The DJIA added +34.03 to 12063.09, the Nasdaq climbed +32.36 to 2462.07 and the S&P 500 advanced +5.02 to 1342.83.
WellPoint Inc.
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PowerRating) retreated 4.93% or $2.56 to $49.40/share after Coventry Healthcare lowered it’s forecast for the second time in 2008.
Coventry Healthcare
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PowerRating) collapsed 21.68% or $8.67 to $31.33 after slashing its earnings forecast for the second time.
American International Group
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Carnival Corp.
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PowerRating) cruised up 5.35% or $1.87 to 36.84 on beating second quarter profit estimates by 18%.
Oil dropped hard to $131.69, giving up $4.99/barrel when China announced an increase in prices. Gold climbed $10.70 to $904.70/oz and the S&P Energy Index fell 13.69 to 636.67.
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