Sector Update: Financial-June 2024-www.financetom.com

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Sector Update: Financial

Aug 15, 2024 6:25 AM

08:55 AM EDT, 08/15/2024 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with The Financial Select Sector SPDR Fund (XLF) up 0.9%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 2.8% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 2.5%.

UBS (UBS) has decided to liquidate the Credit Suisse Real Estate Fund International amid limited liquidity in real estate markets, multiple news outlets reported, citing the Swiss bank. Shares of UBS were more than 2% lower pre-bell.

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