08:35 AM EST, 12/09/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%.

Apollo Global Management ( APO ) and Santander (SAN) have teamed up for a $370 million investment in infrastructure financing, the companies said Monday. Apollo Global Management ( APO ) is also set to join the S&P 500, according to a Friday statement from S&P Dow Jones Indices. Apollo shares advanced 5.4% and Santander shares rose 0.4% in recent premarket activity Monday.