Markets rallied in response to improved economic reports on Wednesday and in anticipation of Facebook’s IPO filing, which was announced yesterday after the market close, according to an article on the Wall Street Sector Selector.

The S&P 500, the Dow Jones industrial average, the Nasdaq composite and the Russell 2000—and ETFs that track the indexes—all rose yesterday, as reports illustrate improved growth for the U.S. economy, according to the article.

Also, technology sector ETFs are projected to gain additional momentum to their strong start in 2012 now that Facebook’s $5 billion IPO—the largest ever for an Internet-related tech company—has been filed, the report said.

For the full story, head over to WallStreetSectorSelector.com.