08:57 AM EDT, 10/28/2024 (MT Newswires) -- Financial stocks were advancing premarket Monday as the Financial Select Sector SPDR Fund (XLF) rose by 0.5% recently.

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

Robinhood Markets ( HOOD ) shares advanced by over 2% after the company said its Robinhood Derivatives unit has launched presidential election event contracts that allow customers to trade on the results of the Nov. 5 election.