08:57 AM EDT, 10/16/2024 (MT Newswires) -- Financial stocks advanced premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) 0.3% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.

Synchrony Financial ( SYF ) shares were up about 5% after the company reported higher Q3 earnings and revenue.