ETF Spotlight: Financial Select Sector SPDR Fund

Tom Lydon submits: ETF Spotlight on Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY), part of an ongoing series. Assets: $2.6 billion.

Tom Lydon submits: Stock exchange traded funds closed lower for the third straight week as Bank of America (NYSE: BAC) and Citigroup (NYSE: C) weighed in the financial sector. This week, investors will be looking for economic reports on new home sales, durable goods orders and pending home sales.

By Tom Lydon: ETF Spotlight on SPDR Gold Shares (NYSEArca: GLD), part of an ongoing series. The gold exchange traded fund has surpassed SPDR S&P 500 ETF (NYSEArca: SPY) as the largest ETF by assets.

Tom Lydon submits: ETF Spotlight on iShares MSCI Japan Index Fund (NYSEArca: EWJ), part of an ongoing series. Assets: $7 billion. Objective: Tries to reflect the performance of the MSCI Japan Index.

Tom Lydon submits: Exchange traded funds that invest in the U.S. financial sector fell hard Monday on economic worries as top holdings Citigroup (NYSE: C) and Bank of America (NYSE: BAC) both lost about 4%. Energy ETFs were the other big sector loser to start the week.

By Tom Lydon: ETF Spotlight on iShares iBoxx Investment Grade Corporate Bond (NYSEArca: LQD), part of an ongoing series. Assets: $14.3 billion. Objective: The iShares iBoxx Investment Grade Corporate Bond Fund tries to reflect the performance of the corporate bond market based on the iBoxx $ Liquid Investment Grade Index.

Tom Lydon submits: Financial exchange traded funds were set for a 1% decline Monday in the U.S. as renewed concerns over sovereign debt in Europe roiled markets. Citigroup (NYSE: C) and Bank of America (NYSE: BAC) were both down more than 1% before the opening bell.

Tom Lydon submits: By John Spence Citigroup (NYSE: C) and Bank of America (NYSE: BAC) have been a headwind for financial ETFs recently even though the two banking giants saw their shares rise Monday in active trading.