09:04 AM EDT, 05/31/2024 (MT Newswires) -- Financial stocks were advancing premarket Friday, with the Financial Select Sector SPDR Fund (XLF) up 0.4% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1%.

Affinity Bancshares ( AFBI ) rose more than 21% after announcing an agreement for Atlanta Postal Credit Union to acquire its Affinity Bank unit.