08:58 AM EDT, 08/23/2024 (MT Newswires) -- Financial stocks were advancing premarket Friday, with The Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.9%.

LPL Financial Holdings ( LPLA ) shares were up over 4% after its LPL Financial LLC unit said advisory and brokerage assets in July rose 2.1% to $1.53 trillion from June.