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Financials Lead The Way Higher For Stock ETFs

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Stock ETFs continued into new high ground Monday, this time led by the financial, industrial and building-material sectors.

SPDR S&P 500 ( SPY ) was up 0.4% at noon. But it had a lot of company among the major ETF indexes. IShares Russell 2000 ( IWM ) was up 0.4%, SPDR Dow Jones Industrial Average ( DIA ) was up 0.6%, iShares Core SPDR Mid-Cap ( IJH ) was up 0.3%, and PowerShares QQQ ( QQQ ) was up 0.5%.

Stocks like Goldman Sachs (GS) and Apple (AAPL) were doing a lot of the heavy lifting for several indexes. Goldman Sachs was up 1.8%.

The iPhone maker was up nearly 1%, helped by an increased price target for Apple stock from Goldman Sachs . Goldman analyst Simona Jankowski raised her price target to 150 from 133 . Shares are trading at about 133.

[ibdchart symbol="dia" type="daily" size="threequarter" position="leftchart" ]

Financials shot higher, with Financial Select Sector SPDR (XLF) climbing 1%. The bank-laden ETF is up 2.3% this year, about the same as SPY.

Industrial Select Sector SPDR (XLI) was up 0.9%, bringing its year-to-date gain to 4%.

Materials Select Sector SPDR (XLB) was up 0.7% for a year-to-date gain of nearly 5%.

12 Bellwether ETFs

Here's a look at the performance of major exchange traded funds across key asset classes on the stock market today.

The Relative Price Strength (RS) Rating measures a stock's price performance over the last 12 months vs. all stocks and ETFs, on a scale of 1 to a best-possible 99.

SPDR S&P 500 ( SPY ), +0.4%, RS 51

PowerShares QQQ ( QQQ ), +0.5%, RS 63

SPDR Dow Jones Industrial Average ( DIA ), +0.6%, RS 56

IShares Core S&P Mid-Cap ( IJH ), +0.3%, RS 65

IShares Russell 2000 ( IWM ), +0.4%, RS 70

IShares MSCI EAFE (EFA), +0.3%, RS 40

Vanguard FTSE Emerging Markets (VWO), +0.3%, RS 59

SPDR Gold Shares (GLD), -0.9%, RS 19

United States Oil (USO), -1.4%, RS 65

IShares Core U.S. Aggregate Bond (AGG), -0.2%, RS 19

PowerShares DB U.S.$ Bullish (UUP), +0.3%, RS 33

IPath S&P 500 VIX Short-Term Futures (VXX), -2.1%, RS 1

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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