08:55 AM EDT, 05/17/2024 (MT Newswires) -- Financial stocks were edging higher premarket Friday as the Financial Select Sector SPDR Fund (XLF) was recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.2%.

Brookfield Asset Management ( BAM ) intends to invest $500 million for a majority stake in Indian renewable power firm Leap Green Energy, Bloomberg reported, citing people familiar with the matter. Brookfield Asset Management ( BAM ) advanced by 0.4% pre-bell.