Bank of America, Microsoft Fuel Stock Rally; Treasury ETFs Fall
June 27, 2011 at 15:28 PM EDT
Gains of more than 3% in market bellwethers Bank of America (NYSE: BAC) and Microsoft (NasdaqGS: MSFT) helped drive stock exchange traded funds higher Monday, while Treasury ETFs fell sharply as investors sold U.S. government debt. SPDR S&P 500 ETF (NYSEArca: SPY) was up more than 1% in the...