|Last Price$103.12||Day Change (%)-0.41%|
|Open Price$103.48||Day Change ($)-0.42|
|Day Range102.53–103.71||52-Week Range80.64–109.36|
As of Sat 3/24/2017 9:00:00 PM | USD
UPDATE: Bank stocks, ETFs stumble as stock market rallies following Fed rate hike
Financial ETF hits nine-year high on rate hike hopes
With an interest-rate hike at the forefront, here's a closer look at an inexpensive financial-services exchange-traded fund.
Banks have outperformed broader stocks in 2015, as investors are bullish on higher interest rates and credit quality has stayed strong.
Sector's robust comeback takes a turn so far in 2014.
Europe remains a concern, but for investors who see further strength in these markets and are comfortable with higher volatility, this ETF is a solid, low-cost choice.
Performance tends to persist in the short run, but betting on long-term losers can be a winning strategy.
An update on funds our stock analysts would and wouldn't buy today.