09:00 AM EDT, 09/03/2024 (MT Newswires) -- Financial stocks were declining premarket Tuesday as the Financial Select Sector SPDR Fund (XLF) was down 0.4% recently.

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

KKR's (KKR) planned tender offer to buy Japanese systems developer Fuji Soft may be derailed by Bain Capital's counteroffer of around 600 billion Japanese yen ($4.11 billion), media reports said. Shares of KKR were over 1% lower pre-bell.