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WEDNESDAY, NOVEMBER 25, 2009
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 MARKETS 
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Insurers Propel Dow Down 89

Obama budget boosts some financials

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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.

A trader rushes across the floor of the New York Stock Exchange in this undated file photo.
A trader rushes across the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders gather at the post of Weatherford International Ltd. on the floor of the New York Stock Exchange in this undated file photo.
Traders gather at the post of Weatherford International Ltd. on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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3 comments
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PaleRider
Feb 26, 09 8:11 PM CST
Wonder when the Stimulus is gonna "Kick in". Guess the SE is wondering the same thing. Reply
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SPH
Feb 28, 09 12:53 PM CST
Yeah after 5 days it must be a failure....Why post such foolishness?....
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airron14
Feb 26, 09 9:37 PM CST
Even if the stimulus works just as planned, it's still going to likely take at least to the end of this year to see any real turn around. Reply
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