Fed Rate Hike Speculation Help Buoy Bank ETFs
September 09, 2016 at 15:01 PM EDT
While the rest of the equities market plunged, bank stocks and sector-related exchange traded funds were partially supported by the notion that a Federal Reserve rate hike could help improve profit margins. On Friday, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) was down 0.4%, SPDR S&P...