Gainers

• SPDR S&P 500 (NYSE: SPY) up 1.18% to $112.80. Broader markets are on the rise today as new Basel rules, requiring banks to meet a higher reserve requirements, and continued growth in China are refueling investor risk appetite. China reported a 13.9% Y/Y increase in industrial production in August. PowerShares QQQ (Nasdaq: QQQQ) is also 1.48% higher today.
• Financial Select Sector SPDR (NYSE: XLF) up 2.27% to $14.86. Again, Basel III is changing the field of banking, once again, by requiring banks to keep a ratio equalling 7% high-quality capital to risk bearing