08:58 AM EDT, 10/14/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged.

B. Riley Financial ( RILY ) shares rose past 22% after the company said it has signed an agreement with funds managed by Oaktree Capital Management to create a holding company called Great American Holdings.