Market Wrap-Up

Fed Reserve chairman Ben Bernanke threw the financial services industry another life raft Tuesday after he said the government would consider extending its emergency loan program. "[The Fed is] currently monitoring developments in financial markets closely and considering several options, including extending the duration of our facilities for primary dealers beyond year-end," he said in a speech he gave in Arlington, Va. In other news, according to the National Association of Realtors, May existing home sales fell 4.7% and 14% from their levels in April and May 2007, respectively. Commodities, both energy and agricultural, pulled back over concerns about slowing global demand for oil and milder weather in the Midwest that could help improve the crop outlook. Oil closed down almost $6 a barrel to $136.

Traders cheered Bernanke's comments and the lower oil prices. Health care and financial stocks rallied while energy and materials retreated. In the end, the Dow Jones Industrial Average gained 152 points to 11384, lifting the index squarely out of bear market territory.

Winners

The prospect of the Fed extending its loan program gave investors renewed confidence in battered financial firms.

SPDR KBW Bank

SPDR KBW Regional Banking

iShares Dow Jones U.S. Regional Banks

Health care funds, usually a good investment during tricky economic times, haven't really been stellar this year. But Tuesday they should signs of coming to life. The SPDR S&P Pharmaceuticals ETF increased 3.4%. Also making a comeback Tuesday was homebuilder ETFs. SPDR S&P Homebuilders gained 7.9%.

Losers

Commodities of every stripe pulled back today. The

United States Natural Gas ETF

SPDR S&P Metals and Mining fund

Market Vectors Solar Energy

Tuesday's Industry Headlines

Change Order

Vanguard announced it is shifting the daily trading of 34 of its ETFs to the NYSE Arca platform from the American Stock Exchange.

Wednesday's Notebook

Earnings

Flow International, International Speedway, Intervoice, Material Sciences, Ruby Tuesday, Shaw Group, Wolverine

Economic Data
Chain Store Sales (7:45 a.m.), Retail Sales (8:55 a.m.), Wholesale Trade (10 a.m.), Pending Home Sales (10 a.m.), Consumer Credit (3 p.m.)

Quick Take

A look at how the industry's most popular ETFs did on Tuesday.