09:01 AM EDT, 03/21/2024 (MT Newswires) -- Financial stocks were edging higher premarket Thursday as the Financial Select Sector SPDR Fund (XLF) was recently advancing by 0.4%.

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

Lufax Holding ( LU ) was rallying nearly 41% after saying its board voted to recommend a special dividend of $2.42 per American depositary share, which is subject to the approval of shareholders at the company's May 30 general meeting.