08:48 AM EDT, 06/07/2024 (MT Newswires) -- Financial stocks were declining pre-bell Friday, with the Financial Select Sector SPDR Fund (XLF) 0.4% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% higher.

Brown & Brown ( BRO ) has acquired the assets of McNamara, a Minnesota-based insurance solutions provider, the companies said. Brown & Brown ( BRO ) was down more than 1% premarket.