The Information Technology sector ranks third out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 27 ETFs and 144 mutual funds in the Information Technology sector as of July 15, 2014.

Russia's Micex Stock Index climbed over 2% and the ruble gained for the first time in 5 days as investors judged the additional sanctions the U.S. and the EU imposed on Russia were milder than anticipated.