NEW YORK (
) -- Financial ETFs led the equity ETF category performance on Wednesday amid heightened interest in banking stocks.
strong earnings forecast helped lift banking stocks, with the KBW Index ending up 5.6%.
SPDR KBW Capital Markets ETF
which holds a 7% stake in State Street rose 3.76% to $31.72.
Regional Bank HOLDRS
shot up 5.6% led by smart performance of
. The most actively traded financial sector ETF,
Financial Select Sector SPDR
, rose 4.41%.
SPDR KBW Bank
iShares Dow Jones Financial Services
Tech stocks also gained in the afternoon session. A prominent gainer among the tech ETFs was
iShares S&P North American Tech- Semiconductors
, gaining 5.3% thanks to advances from
. The stocks gained after the Semiconductor Industry Association said that chip sales rose 48% from a year earlier.
Retail ETFs were up ahead of Thursday's retail sales report. The market is expecting
to rise by 3.2%, an increase for the 10th consecutive month.
SPDR S&P Retail
Vanguard Consumer Discretionary Fund
SPDR S&P Homebuilders ETF
China-focused ETFs were up, even amid concerns of a possible slowdown. The
Global X China Consumer ETF
rose 2.28%, as a stronger Yuan is expected to benefit Chinese consumers.
-- Reported by Shanthi Venkataraman in New York.
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