The major stock index ETFs shot to fresh all-time highs Wednesday, with their strings of gains increasing to the fifth to ninth days.
SPDR S&P 500 ( SPY ) was up 0.5% Wednesday. It's in its seventh day of straight gains, having gained 2% since Feb. 6 and 5% since the beginning of the year.
PowerShares QQQ ( QQQ ) was up 0.6%. It's in its ninth day of straight gains, having risen 2.7% since Feb. 2 and 8.6% so far this year.
The health care sector was the top contributor to the S&P 500's gain. Health Care Select Sector SPDR ( XLV ) surged 1.1%. Top holdings Pfizer ( PFE ) leapt 2.3%, Amgen ( AMGN ) 2.2% and Johnson & Johnson (JNJ) rose 0.7%
ETFs tracking the financial sector notched another strong day. Financial Select Sector SPDR (XLF) was up 0.8%. Among its holdings, big gainers were Bank of America (BAC), up 2.6%, Charles Schwab (SCHW) 2.2%, Citigroup (C) 1.1%, Morgan Stanley (MS) 1.0%, Wells Fargo (WFC) 1.0% and JPMorgan Chase (JPM) 1.1%.
[ibdchart symbol="bac" type="daily" size="threequarter" position="leftchart" ]
But American International Group (AIG) dove 9% after reporting a loss of $2.72 per share for Q4. The insurer's stock crashed through its 50-day moving average down to near its 200-day line.
Energy and real estate were the two worst performing sectors, continuing lower for the second day in a row. Energy Select Sector (XLE) was off 0.4% and Real Estate Select Sector (XLRE )was off 0.3%. Fed Chair Janet Yellen's hawkish comments about interest rates put downward pressure on rate-sensitive sectors. XLRE is testing support at its 50-day moving averages.
Gold was trading tightly for the third day in a row, just above its 10-day moving average. SPDR Gold Shares (GLD) was up 0.4% at 117.45.
12 Bellwether ETFs
Here's a look at the performance of major exchange traded funds across key asset classes on the stock market today.
The Relative Price Strength (RS) Rating measures a stock's price performance over the last 12 months vs. all stocks and ETFs, on a scale of 1 to a best-possible 99.
SPDR S&P 500 ( SPY ), +0.5%, RS 55
PowerShares QQQ ( QQQ ), +0.6%, RS 64
SPDR Dow Jones Industrial Average (DIA), +0.6%, RS 60
IShares Core S&P Mid-Cap (IJH), +0.3%, RS 64
IShares Russell 2000 (IWM), +0.6%, RS 70
IShares MSCI EAFE (EFA), +0.4%, RS 38
Vanguard FTSE Emerging Markets (VWO), +0.7%, RS 60
SPDR Gold Shares (GLD), +0.4%, RS 20
United States Oil (USO), -0.2%, RS 52
IShares Core U.S. Aggregate Bond (AGG), -021%, RS 20
PowerShares DB U.S.$ Bullish (UUP), -0.2%, RS 34
IPath S&P 500 VIX Short-Term Futures (VXX), +3.1%, RS 1