Financial ETF Rises 3% on Eurozone, Earnings Hopes
October 12, 2011 at 16:04 PM EDT
Financial exchange traded funds led the market higher Wednesday on speculation European Union leaders will be able to quell the unrest in debt markets. Financial Select Sector SPDR (NYSEArca: XLF) rallied nearly 3%. The sector ETF also climbed above its 50-day simple moving average on Wednesday....