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US STOCKS-S&P, Nasdaq flat as Citi, Apple fall; Dow rises

With the financial SPDR ETF, “we’ve been locked in a range for 16 to 18 months, so it appears it’s going to test the upward boundary … If we can consistently trade above that, that’s going to attract more buying,” said John Kosar, director of research at Asbury Research in Chicago.

Kosar said the financial sector was underinvested and has “room to run higher” in the near term.