08:59 AM EST, 01/02/2025 (MT Newswires) -- Financial stocks advanced pre-bell Thursday with the Financial Select Sector SPDR Fund (XLF) 0.7% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up almost 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.2% lower.

Morgan Stanley ( MS ) is leaving the Net-Zero Banking Alliance, Bloomberg reported, citing a company email. Morgan Stanley ( MS ) shares were up over 1% premarket.