IYG has had a breath-taking 10-month rally from November 2012 to the peak earlier this month. The same could be said for the three largest holdings, as illustrated in the one-year chart below. WFC data by YCharts
The New York Times is buying Wirecutter for $30 million, while U.S. banks roll out Zelle, a money-transfer platform.
Stocks closed with gains on Monday as T-Mobile led the Nasdaq amid better-than-expected earnings, while B/E Aerospace soared following announcement of its acquisition by Rockwell Collins.
Stocks stay in the green Monday as M&A and earnings reports lead the market higher, while manufacturing orders rise.