08:50 AM EDT, 05/02/2024 (MT Newswires) -- Financial stocks were mixed premarket Thursday with the Financial Select Sector SPDR Fund (XLF) flat recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was nearly 2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down nearly 2%.

Ares Management ( ARES ) declined by over 3% after it reported lower Q1 earnings and revenue.