Stocks quoted in this article:
The S&P Insurance Index (IUX – 712.32) has stepped up by more than 14 points, or over two percent, this afternoon to climb back above its 10-day and 20-day moving averages. The index has pushed ahead by nearly 19 percent since its near-term intraday bottom on June 22. The IUX is trading above all of its key intermediate-term and long-term moving averages.
Top index components today include Lincoln National (LNC – 50-13/16), up 7.4 percent; Hartford Financial Services Group (HIG – 65-3/8), up five percent; Jefferson-Pilot (JP – 64-3/4), up 4.8 percent; AFLAC (AFL – 54-7/16), up 3.8 percent; Cincinnati Financial (CINF – 38-11/16), up 3.3 percent; UnumProvident (UNM – 21-7/16), up 3.3 percent; American General (AGC – 72-3/4), up 3.2 percent; and MBIA (MBI – 64-3/16), up three percent.