08:49 AM EDT, 05/01/2024 (MT Newswires) -- Financial stocks were down in premarket activity Wednesday, with the Financial Select Sector SPDR Fund (XLF) recently 0.4% lower.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.8% lower, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) 0.7%. higher.

KKR (KKR) advanced more than 2% after it reported higher Q1 adjusted earnings and total asset management segment revenue. The company also raised its quarterly dividend to $0.175 per share.