08:18 AM EDT, 08/07/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 3.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 3%.

Upstart Holdings ( UPST ) shares jumped 24% in premarket activity Wednesday after reporting Q2 results that topped market expectations and providing Q3 revenue outlook higher than the consensus estimate.