US Stocks Retreat as Insurers Cut Dividends, Home Sales Drop - Bloomberg

US Stocks Retreat as Insurers Cut Dividends, Home Sales Drop
Bloomberg
The Philadelphia- based insurance company cut its quarterly dividend to 1 cent a share from 21 cents. Allstate, the largest publicly traded US home and auto insurer, tumbled $1.07 to $17.57 after reducing its dividend to 20 cents a share from 41 cents. …