Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
Insurance company Progressive (NYSE:PGR) fell short of the market’s revenue expectations in Q2 CY2025, but sales rose 15.7% year on year to $20.99 billion. Its GAAP profit of $5.40 per share was 14.8% above analysts’ consensus estimates.
UnitedHealth, Centene, and Elevance suffered steep market cap losses amid earnings guidance withdrawals and potential Medicaid changes tied to new legislation.
Progressive trades at $261.66 per share and has stayed right on track with the overall market, gaining 8% over the last six months. At the same time, the S&P 500 has returned 6.2%.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the property & casualty insurance stocks, including Progressive (NYSE:PGR) and its peers.
Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
