The markets dropped for the second day in a row as concerns about the strength of economic recovery continue to swirl. The Dow lost 1.3%, the S&P dropped 1.3% and the Nasdaq fell 1.1%.
Here are Tuesday’s winners and losers:
Winners
Cigna Corp. (CI)
The ongoing battle over health-care reform benefited Cigna shares on Tuesday, which surged 5.6%. CI came out the big winner, closing at $21.54 – a gain of $1.14.
General Motors Corp. (GMGMQ)
The auto giant made news again as a deal to sell Saab to a Swedish company made headlines. Shares rose 7 cents, or 5.6%, to $1.33.
Aetna Inc. (AET)
The health insurer followed the sector higher, adding 4.7% to close the session at $23.58, a gain of $1.05 on the day.
Hartford Financial Services Group Inc. (HIG)
Hartford reversed much on Monday’s losses, gaining 3.8% on Tuesday. HIG ended the day at $11.94, a gain of 44 cents.
Qwest Communications International Inc. (Q)
Qwest shares climbed 3.8% higher on Tuesday, last trading at $4.13, a gain of 15 cents.
Losers
Harman International Industries Inc. (HAR)
HAR announced it was selling $9 million in common stock and shares flopped. The company’s stock lost $2.91, or 12.5%, closing Tuesday’s session at $20.40.
E*TRADE Financial Corp. (ETFC)
The online financial-services company followed market trends, ending Tuesday at $1.65 – a loss of 16 cents, or 8.8% on the day.
Zions Bancorp (ZION)
Concerns about commercial real estate caused shares to fall 7.7% on Tuesday. ZION last traded at $13.83, a loss of $1.15.
Best Buy Co. Inc. (BBY)
Restructuring charges hampered earnings for the nation’s biggest electronics retailer. BBY shares fell $2.82, or 7.3%, to end Tuesday at $35.84.
Nordstrom Inc. (JWN)
Nordstrom followed the retail sector lower, with shares sliding 6.8% on Tuesday. JWN ended the session at $18.99, a loss of $1.39 on the day.
