Insurance stocks and sector-related ETFs jumped Monday after damages from Hurricane Irma appeared less grave than previously expected. On Monday, the SPDR S&P Insurance ETF (NYSEArca: KIE) rose 2.4%, iShares US Insurance ETF (NYSEArca: IAK) gained 2.1% and PowerShares KBW Property & Casualty Insurance Portfolio (NYSEArca: KBWP) increased 3.5%, bouncing back above their short-term, 50-day simple [...] Click to read more at ETFtrends.com.
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This article was provided by our partner Tom Lydon of etftrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.