Financial Select Sector SPDR ETF , an exchange-traded fund that tracks big financial firms listed on the S&P 500 , is poised for its best daily percentage gain since late June as bank stocks soared on Tuesday. The ETF rallied 1.5% to 25.28, spurred on by strong rallies in Citibank Inc. , Bank of America Corp. , J.P. Morgan Chase & Co. , and Morgan Stanley on relatively solid second-quarter earnings. The broader market is also trading higher with the S&P 500 up 10 points, or 0.4% to 2,479, the Dow Jones Industrial Average rising 120 points, or 0.6% to 21,636 and the Nasdaq adding 3 points to 6,413.
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