09:02 AM EDT, 05/13/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday, with the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.

Burford Capital ( BUR ) shares were down more than 2% after the company said it swung to a Q1 net loss as revenue fell during the period.