Shares of Loews Corp. /zigman2/quotes/208734362/composite L +0.46% slipped 1.18% to $54.58 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.58% falling 0.46% to 4,493.28 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% falling 0.43% to 34,879.38. The stock's fall snapped a two-day winning streak. Loews Corp. closed $4.81 short of its 52-week high ($59.39), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Thursday, as Chubb Ltd. /zigman2/quotes/209397502/composite CB +2.17% fell 0.74% to $181.08, Progressive Corp. /zigman2/quotes/202480455/composite PGR +1.41% fell 1.13% to $93.22, and Travelers Cos. Inc. /zigman2/quotes/206313935/composite TRV +2.93% rose 0.06% to $157.96. Trading volume (968,068) eclipsed its 50-day average volume of 790,840.