Investing Insights: Auto Dealerships & Life/Health Insurance Sectors Market Blues: Auto Dealerships’ Slide & the Insurance Doldrums

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Auto Dealerships Slide

The trading floor was a somber arena for auto dealership stocks on Thursday, carrying the weight of a 1.9% slump. Among the key contributors to this decline were Carmax’s plummet of about 12.4% and Rivian Automotive’s retreat of approximately 6.6% within the same day.

Life & Health Insurance Struggles

Simultaneously, within the financial realm, life & health insurance stocks witnessed a similar downtrend of around 1.9% collectively. Notable among this descent were Globe Life, dragging at a significant 21.5%, and Primerica, underperforming by about 3.7%.

Thursday Sector Laggards: Auto Dealerships, Life & Health Insurance StocksVIDEO: Thursday Sector Laggards: Auto Dealerships, Life & Health Insurance Stocks

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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