S&P Boosts Its View on Financial Stocks

The upgrade of the sector to market weight is based on improving fundamental and technical outlooks, with nine stocks earning the top rating

On Apr. 2, Standard & Poor's Equity Strategy Group upgraded its recommended weighting of the Financials sector to market weight, from underweight, based on what we view as an improving technical and fundamental outlook. Year to date through Apr. 3, the S&P Financials index, which represented 17.4% of the S&P 500-stock index, was down 7.7%, compared with a 6.5% decline for the S&P 500.

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