08:59 AM EST, 03/06/2024 (MT Newswires) -- Financial stocks were gaining pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was 0.3% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.0% lower.

SoFi Technologies ( SOFI ) was up more than 2% after it priced a private placement to eligible purchasers of $750 million of 1.25% convertible senior notes due 2029.