08:56 AM EDT, 08/13/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday, with The Financial Select Sector SPDR Fund (XLF) 0.4% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% lower.

Paysafe ( PSFE ) shares were up over 6% after the company reported higher Q2 adjusted net income and revenue in addition to lifting its fiscal 2024 sales outlook.