Broker, reinsurer stocks plummet following Fed meeting
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Broker, reinsurer stocks plummet following Fed meeting

Thorsten Schier
14 December 2023
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Federal Reserve Building in Washington DC

The stocks of brokers and reinsurance companies took significant hits Thursday, with prominent insurance names comprising five of the ten worst S&P performers in early-afternoon trading.

Leading the decline was AJ Gallagher, with its stock price down around 7.5% at mid-afternoon, to roughly $227 per share compared to its prior close of $245.21.

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