08:57 AM EST, 11/22/2024 (MT Newswires) -- Financial stocks were edging higher premarket Friday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.

Abacus Life ( ABL ) shares fell past 9% after the company priced an underwritten public offering of 12.5 million common shares at $8 apiece.