09:01 AM EDT, 07/08/2025 (MT Newswires) -- Financial stocks were declining premarket Tuesday, with The Financial Select Sector SPDR Fund (XLF) down 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1%.

UBS (UBS) made about 100 goodwill payments to clients in Switzerland who lost money on foreign exchange trades after US tariff announcements in April triggered a drop in the dollar, Financial Times reported, citing sources familiar with the matter. UBS shares were nearly 2% higher pre-bell.