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SidDithers

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9. Insurer stocks continue to fall after ruling...

Sat Jun 30, 2012, 10:12 AM

Jun 2012

LOS ANGELES (MarketWatch) — In the wake of a landmark Supreme Court ruling that reverberated throughout the sector, commercial insurers started sliding again in Friday trading despite a broad market rally.

These insurers, which had stumbled from the shock of the court’s decision Thursday to uphold President Barack Obama’s health-care overhaul legislation, rebounded when trading opened. But as the session wore on, they slid into negative territory.

UnitedHealth Group Inc. (US:UNH) , WellPoint Inc. (US:WLP) , Aetna Inc. (US:AET) , HealthNet Inc. (US:HNT) and Coventry Health Care Inc. (US:CVH) all were down two percentage points or more. WellPoint led the losers with a 3% drop to $63.79.

http://articles.marketwatch.com/2012-06-29/markets/32467423_1_insurer-stocks-health-insurance-and-coventry-health-care

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Wall Street's Verdict on Upholding the ACA [View all] babylonsister Jun 2012 OP

Health insurance stocks are near an all-time high MannyGoldstein Jun 2012 #1

Yes, that's why most just fell nobodyspecial Jun 2012 #2

The bigger picture is more illustrative: MannyGoldstein Jun 2012 #3

See that big dip in the middle? nobodyspecial Jun 2012 #11

So let's compare to the S&P 500: MannyGoldstein Jun 2012 #14

Fighting a lost cause Aerows Jun 2012 #15

They then transfer funds to doctors, hospitals, and testing clinics treestar Jun 2012 #8

You may as well bang your head against a wall Aerows Jun 2012 #16

um...that's not at all why the markets were up ProdigalJunkMail Jun 2012 #4

DING! You are correct, this is the reason stocks were up on Friday flamingdem Jun 2012 #10

I thought stocks were down on Thursday after the decision was announced in the morning, then pampango Jun 2012 #5

Srocks were down before 10am, but the ACA ruling was a surprise so if in fact banned from Kos Jun 2012 #6

Nope - Stocks were down on opening, little changed at 10AM AnnaLee Jun 2012 #7

Insurer stocks continue to fall after ruling... SidDithers Jun 2012 #9

Also consider: Europe's debt crisis was averted. n/t BadgerKid Jun 2012 #12

The EU has averted exactly nothing zoechen Jun 2012 #13