Business Highlights

Bank stocks across Europe — even those that were effectively given a clean bill of health— fell sharply Tuesday for the second day and weighed heavily on the wider market indexes.

NEW YORK (AP) — U.S. stocks took their biggest loss in almost a month on Tuesday as investors worried about the health of the U.S. economy and sold shares in retailers and car companies.

While stocks set all-time records as recently as July 22, they've been trading in a very narrow range for the last few weeks.

Since stocks aren't making big gains, investors are sensitive to signs of trouble for the U.S. economy, like weaker sales of autos or last week's disappointing GDP report.

Aetna became the latest health insurer to cast doubt upon its future in the Affordable Care Act's insurance exchanges after it called off a planned expansion Tuesday and suggested it could abandon that market completely.

Aetna said Thursday it has been swamped with higher than expected costs, particularly from pricey specialty drugs, and it will take a hard look at its current presence on exchanges in 15 states.

CVS Health beat second-quarter earnings expectations and nudged its 2016 forecast higher after the drugstore chain and pharmacy benefits manager reaped gains from a couple of deals and its sales of pricey specialty drugs rose.

CINCINNATI (AP) — Procter & Gamble reported a quarterly profit Tuesday that topped Wall Street expectations as the world's biggest consumer products company worked on slashing costs and pruning its product lineup to offset slow growth.

The maker of Tide detergent, Charmin toilet paper and Pantene shampoo said its sales declined for its fiscal fourth quarter, hurt by unfavorable currency exchange rates.

The company said Tuesday its income from fees received from lenders for guaranteeing mortgages increased in the April-through-June period, but it sustained losses on investments because of the decline in interest rates.