FINANCIAL SELECT SECTOR SPDR $19.60
-0.27
19/6/2013 04:19 PM
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NYSEARCA
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XLF
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Quotes displayed are delayed by 15 minutes. Market data is provided by
Telvent DTN
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If investors want some strong momentum in the financial ETF space, consider these three sector ETFs.
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The financial sector is expected to continue to outperform in the coming months.
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Wiping out the previous session’s losses, U.S. equities rallied to close near session highs today following several upbeat economic reports. The Labor Department reported that weekly jobless claims declined 12,000 to a seasonally adjusted 334,000, the lowest level in nearly five years.
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Bull of the Day: Advent Software (ADVS) - Bull of the Day
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Increasingly daring market forecasts should unpleasantly remind savvy investors of the exuberance of Y2K, and the truth is that the market is very difficult right now. In his weekly review, MoneyShow's Tom Aspray suggests that there will be more lucrative battles to fight later this year.Last week's action in the stock market shows perfectly what I meant a few weeks ago by a Veg-O-Matic market.
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The pace of home sales hit a three-year high in February, a sign the economy is definitely on the mend. Homebuilder stocks have had a huge run the past year. I'll look at how to play what seems to be an ongoing trend.
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