08:08 AM EDT, 04/02/2024 (MT Newswires) -- Financial stocks were down premarket Tuesday, with the Financial Select Sector SPDR Fund (XLF) 0.2% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8%, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% higher.

UBS (UBS) was up 0.5% after the company said it is planning to launch a stock repurchase program for up to $2 billion of its shares beginning on Wednesday and ending on April 2, 2026.