09:22 AM EDT, 06/10/2026 (MT Newswires) -- Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher.

Apollo Global Management ( APO ) has explored acquisitions of Japanese life insurance businesses, including units of T&D and Orix, as it seeks to expand its presence in Japan's insurance market, the Financial Times reported, citing people familiar with the matter. Shares of Apollo Global Management ( APO ) were nearly 3% lower premarket.

Ares Management ( ARES ) has closed its Ares Pathfinder Fund III and Ares Pathfinder Fund III (Offshore), known together as Pathfinder III, at $8.5 billion in commitments, the company said. Shares of Ares Management ( ARES ) were 0.5% lower pre-bell.

Lazard ( LAZ ) reported preliminary assets under management of about $284.85 billion as of May 31, up from $275.37 billion in the prior month. Lazard ( LAZ ) stock was down 0.2% premarket.