08:56 AM EDT, 04/09/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) 0.2% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.

OppFi ( OPFI ) was up more than 8% after saying its board has declared a special dividend of $0.12 per share, payable May 1 to shareholders of record April 19. The company's board also authorized a new $20 million share repurchase program.