08:56 AM EDT, 10/04/2024 (MT Newswires) -- Financial stocks rose in Friday's premarket hours with the Financial Select Sector SPDR Fund (XLF) 0.9% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.3% lower.

Apollo Global Management ( APO ) is discussing a potential acquisition of Barnes Group ( B ) in a deal that is likely to value the latter at over $45 per share, Reuters reported, citing unnamed people familiar with the matter. Apollo Global Management ( APO ) shares were up over 2% pre-bell.