Insurers Propel Dow Down 89

Obama budget boosts some financials
By Nick McMaster,  Newser Staff
Posted Feb 26, 2009 3:26 PM CST
A trader rushes across the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Stocks turned lower today amid grim economic news and varied responses to President Obama’s budget, the Wall Street Journal reports. Durable goods sank and jobless claims rose, and insurers Aetna and Humana dropped sharply over fears of adverse effects from the administration's healthcare reform. The Dow fell 88.81 to 7,182.08. The Nasdaq lost 33.96, settling at 1,391.47, and the S&P 500 dropped 12.07, closing at 752.83.