08:07 AM EDT, 04/04/2024 (MT Newswires) -- Financial stocks were advancing premarket Thursday, with the Financial Select Sector SPDR Fund (XLF) 0.4% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% higher, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.

CTO Realty Growth ( CTO ) was down 2.1% after the company said it launched a public offering of 6.375% series A cumulative redeemable preferred shares with a $25 per share liquidation preference.