Financial ETF Rises as B. of A. Shakes Off Headlines

Financial Select Sector SPDR Fund (NYSEArca: XLF) rose 0.7% in premarket trade. The sector ETF is down about 6% for 2011.

The fund gained 1% on Monday as a late-day bounce in bank stocks carried the S&P 500 to a slight gain.

Financial Select Sector SPDR Fund