08:56 AM EDT, 10/08/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Tuesday as the Financial Select Sector SPDR Fund (XLF) was 0.5% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% lower.

Ares Management ( ARES ) shares were down over 2% after the company said it has agreed to acquire the international business of GLP Capital Partners and some of its affiliates, excluding its China operations, for $3.7 billion in cash and shares.