Today's Market Winners and Losers

Investing

Published: January 16, 2013 10:44 am

Last Updated: December 30, 2013 11:37 am

The stock market is mixed Wednesday, with the Dow Jones Industrial Average down 0.25%, the Nasdaq up 0.16% and the S&P 500 up 0.09%. Today’s sole winner is a financial company moving away from its mortgage-insurance business, while today’s sole loser is an energy firm whose major investors sold a significant number of the company’s shares.

This is Wednesday’s market winner and loser.

Biggest Winner

Shares of Genworth Financial Inc. (NYSE: GNW) are up 10.09% to $8.95 on trading volume of 14.2 million shares. The company plans on distancing itself from its mortgage insurance unit by setting up a new parent company to move the unit away from more profitable units, Genworth announced Wednesday. The 52-week high is $9.68.

Biggest Loser

Shares of Cobalt International Energy Inc. (NYSE: CIE) are down 5.87% to $25.18 on trading volume of 13.6 million shares. A group of backers, including Goldman Sachs Group Inc. (NYSE: GS) and The Carlyle Group L.P. (NASDAQ: CG), sold 40 million shares worth more than $1 billion on Tuesday. The 52-week low is $20.00.

Follow Samuel on Twitter: SWeigley

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.