Financial exchange traded funds gained ground Thursday along with closely watched sector stocks American International Group (NYSE: AIG) and Bank of America (NYSE: BAC).
Financial Select Sector SPDR Fund (NYSEArca: XLF) was up 0.6% in afternoon dealings. AIG and Bank of America also traded higher.
AIG shares fell Wednesday after the bailed-out company priced an offering of nearly $9 billion of stock.
The financial ETF is currently in an effort to hold its 200-day average.
Financial Select Sector SPDR Fund
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