ETF Action: Financial, Tech ETFs End Higher - TheStreet

NEW YORK (

TheStreet

) -- Financial ETFs led the equity ETF category performance on Wednesday amid heightened interest in banking stocks.

State Street's

(STT) - Get Report

strong earnings forecast helped lift banking stocks, with the KBW Index ending up 5.6%.

The

SPDR KBW Capital Markets ETF

(KCE) - Get Report

which holds a 7% stake in State Street rose 3.76% to $31.72.

Regional Bank HOLDRS

(RKH)

shot up 5.6% led by smart performance of

J.P. Morgan

(JPM) - Get Report

and

Wells Fargo

(WFC) - Get Report

. The most actively traded financial sector ETF,

Financial Select Sector SPDR

(XLF) - Get Report

, rose 4.41%.

SPDR KBW Bank

(KBE) - Get Report

and

iShares Dow Jones Financial Services

(IYG) - Get Report

also rose.

Tech stocks also gained in the afternoon session. A prominent gainer among the tech ETFs was

iShares S&P North American Tech- Semiconductors

(IGW)

, gaining 5.3% thanks to advances from

Intel

(INTC) - Get Report

,

Texas Instruments

(TXN) - Get Report

and

Applied Materials

(AMAT) - Get Report

. 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

June same- store sales

to rise by 3.2%, an increase for the 10th consecutive month.

SPDR S&P Retail

(XRT) - Get Report

rose 3.15%.

Retail HOLDRS

(RTH) - Get Report

,

Vanguard Consumer Discretionary Fund

(VCR) - Get Report

and

SPDR S&P Homebuilders ETF

(XHB) - Get Report

also rose.

China-focused ETFs were up, even amid concerns of a possible slowdown. The

Global X China Consumer ETF

(CHIQ) - Get Report

rose 2.28%, as a stronger Yuan is expected to benefit Chinese consumers.

-- Reported by Shanthi Venkataraman in New York.

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