09:01 AM EDT, 03/25/2024 (MT Newswires) -- Financial stocks were declining premarket Monday as the Financial Select Sector SPDR Fund (XLF) was 0.2% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.

HSBC Holdings' ( HSBC ) Winston Cheng is set to leave his post as the bank's co-head of technology, media and telecom to join a Fortune 500 technology company, Bloomberg News reported, citing a company memo. HSBC ( HSBC ) shares were down 0.3% pre-bell.