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Financial stocks poised for best day in a month

Ryan Vlastelica

Financial stocks were on track for their best day in about a month on Monday, supported by recent economic data, as well as a rise in bond yields. The Financial Select Sector SPDR Fund (XLF) an exchange-traded fund that is one of the most popular investment vehicles for investors to get exposure to the sector, gained 1.6%. Monday is on track to be its biggest one-day percentage gain since June 6, as well as its third straight daily gain.