Feb. 7 (Bloomberg) -- U.S. stocks failed to advance after their biggest weekly rally in three months as some investors said share prices already reflect prospects for earnings growth.
``I don't know where the catalyst is,'' said Cummins Catherwood, who helps manage $850 million at Walnut Asset Management in Philadelphia. ``The stock market is carrying prices that are generally adequate. I'm having a hard time running out there and establishing new positions and I bet I'm in the majority.''
Shares of WellPoint Inc. declined after the No. 1 U.S. health insurer said fourth-quarter profit fell. Delta Air Lines Inc. led carriers higher as oil prices retreated....
...WellPoint slid $3.71 to $121.18. Profit last quarter declined 12 percent to $184.5 million, the company said, because of expenses from a debt buyback and the merger that formed the company.
Humana Inc. lost $1.67 to $32.98 even after the biggest manager of health plans for the U.S. military raised its forecast for 2005. The company's fourth-quarter profit fell 29 percent because of timing of payments from the company's newest Tricare military contract.
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