08:49 AM EDT, 03/10/2025 (MT Newswires) -- Financial stocks declined premarket Monday with the Financial Select Sector SPDR Fund (XLF) 1.5% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 4.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 4.6% higher.

Robinhood Markets ( HOOD ) has been ordered to pay $3.75 million in restitution to customers and $26 million in fines for violating numerous Financial Industry Regulatory Authority rules, the independent regulator said. Robinhood Markets ( HOOD ) shares fell past 7% pre-bell.