08:51 AM EDT, 06/06/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Thursday as the Financial Select Sector SPDR Fund (XLF) was marginally advancing recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher.

Robinhood Markets ( HOOD ) was up more than 2% after saying it acquired Bitstamp, a cryptocurrency exchange, for about $200 million in a cash deal in a bid to accelerate the company's crypto expansion worldwide.