Why is Chubb down so far today? It dropped about $2.32 just today, is it likely to recover soon?

Chubb's stock decline of $2.32 today can be attributed to several factors:

1. Economic Data: The U.S. economy grew at a 2.8% annualized rate in Q3, slightly below the expected 2.9% and a deceleration from the previous quarter's 3% growth. This could have led to concerns about the sustainability of the economic expansion, potentially affecting insurance demand and Chubb's performance.
2. Corporate Earnings: Chubb reported Q3 earnings of $5.72 per share, surpassing the consensus estimate of $4.93 by $0.79. Despite this, the stock price dropped, which could be due to investors' reactions to the earnings report or related analyst comments.

Regarding whether Chubb's stock is likely to recover soon:

1. Technical Indicators: Chubb's stock experienced a pre-market increase of 0.97% and a post-market increase of 1.16% on October 29. This suggests that there may be some positive sentiment among investors outside of regular trading hours.

2. Analyst Ratings and Price Targets: Recent analyst actions indicate a mixed outlook. While some analysts have raised their price targets, others have lowered them. This suggests that there may be differing opinions on the stock's future performance.
3. Market Conditions: The broader market conditions, including the performance of other insurance stocks, can influence Chubb's stock price. For example, the decline in AMD and other semiconductor stocks due to disappointing earnings may have influenced investor sentiment.
4. Company Fundamentals: Chubb's strong earnings performance with double-digit growth in P&C underwriting and investment income could provide a support for the stock price. The company's core operating EPS grew over 15.5%, and it beat earnings estimates by a significant margin.

In conclusion, while Chubb's stock experienced a notable drop today, the mixed pre-market and post-market movements, along with the company's strong earnings performance, suggest that the stock may have the potential to recover in the near term. However, investors should continue to monitor market conditions and analyst reactions for further insights.